Technical analysis SUI/USDT (spot trading)
Main data:
Current price: 2.4690 USDT (-17.44%)
Maximum in 24h: 3.0140 USDT
Minimum in 24h: 2.4246 USDT
Trading volume: 120.98 million SUI / 326.27 million USDT
Technical levels:
Support: 2.4246 / 2.38 USDT
Resistance: 2.54 / 2.71 USDT
Order book and market sentiment:
Demand: 69.96% (buyers dominate).
Supply: 30.04% (fewer sellers, but pressure still exists).
Large sell orders: 2.50 / 2.60 USDT – resistance zones.
Possible scenarios:
Bullish: If the price stays above 2.42 and breaks 2.54, a bounce to 2.71–2.89 USDT is possible.
Bearish: If the price falls below 2.42, a correction to 2.38–2.30 USDT is possible.
Trading strategies:
Long: Entry 2.45–2.50 USDT, target 2.71–2.89 USDT, stop-loss 2.39 USDT.
Short: Entry 2.54–2.60 USDT, target 2.42–2.38 USDT, stop-loss 2.65 USDT.
Summary: The price is at a local minimum of 2.42 USDT, and demand is increasing, which may lead to a bounce. However, while the downtrend persists, we need to wait for a break above 2.54 to confirm an uptrend or a loss of 2.42 to continue the decline.#sui
