$SUI /USDT – 4H Technical Analysis

trade setup :

1. Key Support Identified at 3.1200

SUI/USDT formed a strong rebound from the 3.1200 level, establishing a reliable short-term support zone. This area may act as a potential accumulation range should the price revisit it.

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2. Moving Averages Indicate Short-Term Weakness

MA(7): 3.3389 (Yellow)

MA(25): 3.3206 (Pink)

MA(99): 3.3102 (Purple)

Price action has slipped below all key moving averages, suggesting short-term bearish momentum. However, the price is consolidating around the MA(99), which could serve as dynamic support and offer a potential reversal setup.

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3. Volume Weakness May Signal Exhaustion

Recent price declines have occurred with declining volume, indicating weakening seller conviction. A volume uptick paired with bullish candles could signal a reversal and the return of buying interest.

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4. Watching for Bullish Candlestick Formations

If a bullish reversal pattern (e.g., hammer or bullish engulfing) forms in upcoming candles, especially near MA(99), it could validate a short-term long setup.

Support Zone: 3.1200

Bullish Confirmation: Price closing above MA(25) or MA(7) with increased volume

Downside Risk: Sustained weakness below MA(99) may expose next supports at 3.0295 and 2.8930

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