🔍 SUI/USDT Price Action Update (1H Chart)
SUI is currently trading at $3.648, struggling to recover after a sharp rejection near the $3.90–$4.00 zone. The price has been trending below the 150 EMA ($3.8185), showing short-term bearish pressure and lack of strong upside momentum.
After bouncing from the $3.60 support range, the price has formed a minor consolidation zone — a potential accumulation or continuation pattern. But so far, volume remains low and no clear breakout has followed.
Key Levels:
Support: $3.60 / $3.50
Resistance: $3.82 (EMA) / $3.90
EMA 150 (trend indicator): Currently acting as resistance
📉 Bears remain slightly in control below EMA 150, but a breakout above $3.82 could flip short-term bias to bullish. Until then, SUI might continue ranging between $3.60–$3.80.
Stay cautious of false breakouts, and monitor volume closely. A spike in buying pressure could signal a strong move either direction.