📉 Technical Analysis – SUI/USDT (1D)

✅ Overall Trend

SUI is in a corrective phase since the top 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 price → acting as resistance.

EMA 99 ($3.22) currently tested as dynamic support.

📈 RSI (6) – 27.99

Below 30 → in oversold zone.

Reversal is possible, but needs confirmation via volume or candlestick.

🔍 Support & Resistance

🔻 Supports: $3.22, $3.05, $2.93

🔺 Resistances: $3.44, $3.56, $3.90

📉 Volume

High selling volume, but buying pressure near support indicated by wick rejection.

🎯 Suggested Action Plan

📌 Entry Zone:

Between $3.05–$3.25, if support holds.

📌 Strategy:

💸💸 Use DCA between $3.25 and $3.00.

Wait for bullish candle + EMA 7 breakout.

📌 Targets:

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

📌 Suggested Stop:

Below $2.90, in case of clear structure breakdown.

🟡 Conclusion

The $3.05–$3.25 range offers a solid risk/reward opportunity. RSI indicates selling exhaustion, but confirmation is key.

📌 Disclaimer: This is not financial advice. Always do your own research.

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