🌀 $SUI Rebounds From 99 MA — Dead Cat Bounce or Start of a Comeback?

Current Price: $3.0596

Daily Change: +4.75%

Today’s High: $3.0765

📊 Moving Averages:

7 MA (Yellow): $3.1878 → Immediate short-term resistance.

25 MA (Purple): $3.5786 → Mid-term structure remains bearish.

99 MA (Blue): $2.9013 → Currently acting as a dynamic support level — key bounce zone.

🔍 Technical Picture:
✅ Short-Term Rebound Confirmed:

After a sharp pullback from above $4.30 to sub-$3, SUI tagged the 99-day MA and bounced.

First green daily candle after nearly 10 red ones — signaling potential relief rally.

Holding above $3.00 is critical to prevent panic sell-offs.

⚔️ Resistance to Watch:

$3.20 (7 MA): short-term line in the sand.

$3.50–3.60 (25 MA): heavy resistance zone where sellers could reload.

Only a daily close above $3.80 would flip the mid-term structure bullish again.

❌ Breakdown Risk:

Losing the $2.90 support from the 99 MA could trigger a fast drop to $2.60–$2.40 range.

Lower highs still dominate; trend is not yet reversed.

🧠 Strategy Insight:

This is a reactionary bounce, not a trend reversal… yet.

Risk-managed scalps OK, but long-term bulls need a lot more confirmation before celebrating.

DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!