$SUI /USDT Showing Slight Downward Pressure After Testing Highs
Hey everyone,
Let's take a look at the $SUI /USDT chart. The current price of Sui is at $3.5085, showing a slight decrease of -0.77% recently.
Looking at the last 24 hours, SUI reached a High of $3.6036 and a Low of $3.2721. The 24h Volume stands at 73.79M SUI, which is equivalent to 254.25M in USDT.
The chart shows that after testing the $3.60 level, the price has experienced a bit of a pullback. We can see some red candles forming, indicating selling pressure. The price is currently trading above the 24-hour low but seems to be facing resistance around the $3.55 level.
Traders will likely be watching to see if SUI can find support and hold above the $3.50 level. A break below the 24-hour low could signal further bearish movement in the short term. On the upside, breaking above the recent highs would be needed to suggest a potential continuation of the bullish trend.
Key points to observe:
Resistance: The recent high of $3.6036 is acting as a potential resistance level.
Support: The $3.50 level and the 24-hour low of $3.2721 are key support levels to monitor.
Momentum: The current momentum appears to be slightly bearish in the short term after the rejection at the high.
What are your thoughts on SUI's current price action? Do you anticipate a further decline, or do you see a potential for a bounce back up? Share your analysis!
