$SUI /USDT - Can It Find Support and Recover from the Recent Drop?

Current Price: $2.19 (-6.36%)

$SUI is facing a sharp pullback from its 24-hour high of $2.38, and it's currently sitting near its 24-hour low of $2.18. The recent drop suggests the price is struggling to maintain bullish momentum, but there could be potential for a rebound at key support levels.

Key Levels to Watch:

Resistance: $2.23 / $2.35

Support: $2.18 / $2.15

24H Range: $2.18 – $2.38

Market Insight:

SUI is showing a significant decrease over the past few hours, testing support near $2.18. A strong reversal from this point could signal a buying opportunity if momentum shifts. Conversely, a break below $2.18 could see further downside.

Trade Setup:

Entry Zone: $2.18 – $2.20 (accumulation range)

Targets:

🎯 TP1: $2.23

🎯 TP2: $2.30

🎯 TP3: $2.35

Stop Loss: $2.15

Pro Tip:

Watch for a bounce from $2.18, as this could signal a reversal. If SUI starts climbing back towards resistance, it could indicate a solid recovery. Conversely, be ready for further declines if the support level breaks.