SUI/USDT Market Analysis
Overview: SUI has shown exceptional strength over the past week, rallying approximately 64%. It remains fundamentally strong, with healthy DEX (decentralized exchange) trading volumes comparable to or better than those seen during January's bullish markets.
However, after reaching the major resistance zone around $3.75 - $3.80, SUI is facing selling pressure. While fundamentals are solid, the price has created several fair value gaps and poor lows between $3.27 and $2.50, indicating a potential for an aggressive pullback before any sustainable continuation.
---
Trading Plan
Entry Zones:
Entry 1: 3.15 - 2.95 (Main Support Zone)
Entry 2 (Deeper pullback): 2.67 - 2.50 (If breakdown happens)
Take-Profit Targets:
TP1: 3.50
TP2: 3.75
TP3: 4.00
TP4: 4.30 (If strong bullish momentum continues)
Stop-Loss:
SL: 2.45 (below 2.50 key structure)
---
Key Points:
Expect resistance around $3.75 - $4.00.
A pullback to $3.15-$2.95 is likely and can offer a high-probability long setup.
Fundamentals remain positive (strong DEX trading volumes).
Watch the overall market sentiment; if BTC and majors are strong, SUI could rebound quickly after pullback.
#SUI #CryptoAnalysis #MarketUpdate #MarketAnalysis #CryptoNews
