SUI/USDT: Calm Before a Storm or Top Is In?

Current Price: $3.4997

24H High/Low: $3.60 / $3.27

Timeframe: 4H Chart (Binance)

Technical Snapshot:

1. Exhaustion Pattern at the Top:

SUI printed a parabolic run-up followed by a rounding top structure, hinting at buyer fatigue.

2. Heavy Supply Zone:

Repeated rejection near $3.60 indicates sellers are defending this level hard. Candles show long upper wicks, a sign of exit liquidity forming.

3. Volume Divergence:

Despite higher highs earlier, volume and momentum indicators like RSI/MFI started diverging → signaling a potential distribution phase.

Key Price Levels:

Resistance: $3.58 – $3.60

Buy Entry (Pullback Zone): $3.36 – $3.40

Stop Loss: Below $3.27 (Break of structure)

Target 1: $3.60

Target 2: $3.78

Most Likely Move:

Bullish Consolidation

If $3.40 holds, SUI could coil and attempt another breakout above $3.60. Watch for volume confirmation.

If $3.27 fails, prepare for a quick drop to $3.10 zone.

Pro Trade Idea (Long):

Entry: $3.40

SL: $3.26

TP1: $3.60

TP2: $3.78

R:R: ~1:2.5

Confirmation: Break above $3.52 with strong volume.

Final Thoughts:

SUI is sitting in a critical post-pump cool-down zone. Bulls must step in between $3.36–$3.40 to defend structure. If they do — this could be the next leg up in a macro trend rally.

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