📉 Technical Analysis – SUI/USDT (1D)

✅ General Trend

SUI has been in a corrective movement since the peak at $4.29.

Current price: $3.24 (-3.17%), testing support at EMA99 (3.22).

📊 Moving Averages (EMAs)

EMA 7 (3.44) and EMA 25 (3.56) above the price → resistance.

EMA 99 (3.22) tested as technical support.

📈 RSI (6) – 27.99

Below 30 → in oversold zone.

Possible reversal, but requires confirmation by candle or volume.

🔍 Supports and Resistances

🔻 Support: $3.22, $3.05 and $2.93

🔺 Resistance: $3.44, $3.56 and $3.90

📉 Volume

High selling volume, but there is rejection at support, with wick indicating buyer defense.

🎯 Action Plan

📌 Entry:

Tactic between $3.05–$3.25 if support is maintained.

📌 Strategy:

💸💸Fractional DCA above $3.00.

Wait for a reversal candle + breakout of EMA7.

📌 Targets:

$3.56, $3.90 and $4.10 (previous peak).

📌 Suggested Stop:

Below $2.90, if structure is lost.

🟡 Conclusion

The zone $3.05–$3.25 offers good risk x return. RSI suggests selling exhaustion, but confirmation is essential.

📌 Disclaimer: Nothing here is a recommendation to buy or sell. Always do your own analysis.

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