$SUI Forming Bearish Channel – Breakdown Looming Below $3.95
$SUI /USDT is trading at $3.9920 (+1.05%), but price action is trapped within a descending channel pattern — a classic bearish structure hinting at a potential breakdown.
Chart Breakdown:
• Pattern: Descending channel
• Resistance Zone: $4.00 – $4.06
• Key Support: $3.95 – if broken, could trigger sharp downside
Bearish Targets:
• TP1: $3.90
• TP2: $3.85
• TP3: $3.80 (extended target)
Unless $SUI can break above the $4.00 zone with strong volume, this setup favors sellers. Watch for a confirmed candle close below $3.95 to validate the move.