$SUI /USDT 4-Hour Chart Analysis 📉

Current Price: 3.2621 USDT (+0.12%)

24H High/Low: 3.3649 / 3.2237

24H Volume: 31.23M SUI (102.72M USDT)

Performance:

7 Days: -7.30%

30 Days: -5.50%

90 Days: +19.27%

180 Days: -13.90%

1 Year: +217.31%

Analysis:

SUI/USDT recently saw a sharp drop from 3.8000 to 3.1000, now consolidating around 3.2621. The price is testing the 50 SMA, with support at 3.1000 and resistance at 3.3500-3.4000. Volume spiked during the decline but has since tapered off, signaling indecision.

Scenarios:

🚀 Bullish: Break above 3.3500 with volume could target 3.5000.

🐻 Bearish: Failure to hold 3.1000 may lead to a drop toward 3.0000.

Watch for a breakout or breakdown with volume confirmation! What’s your take? 👀 #trading #sui