$SUI š§š§š§ā¤ļøā¤ļø
[Binance | Technical Analysis] ā SUI/USDT
Current Price: $3.90
24h Change: -2.58%
Trend: Short-Term Correction within Bullish Structure
After a recent high of $4.1139, SUI is seeing a slight correction, currently holding around the $3.90 support zone. Despite short-term weakness, the overall structure remains intact on higher timeframes (4H/1D).
šÆ Target 1: $4.05
Minor resistance and previous support flip
Ideal for intraday or short-term bounce trades
Confirmation needed via volume uptick
šÆ Target 2: $4.20
Resistance near the top of the recent range
Aligned with a potential 0.786 Fib retracement
Strong momentum breakout could reach here quickly
šÆ Target 3: $4.40
Extension level from the previous impulse wave
Would mark a new local high and signal trend continuation
Suitable for mid-term positions
Support Levels:
$3.88 (24h low, key short-term support)
$3.43 (major support zone from previous base)
Indicators:
RSI: Neutral, slight bearish divergence on short timeframes
MACD: Approaching a potential bullish crossover on 1H
Volume: Heavy selling early, now stabilizing
