$SUI

💥SUI has been quite 'lonely at the top' lately!

Every time it rushes to the 50-day moving average ($3.40), it gets slapped down,

A typical case of 'can't go up but keep selling'!

📉 Are the bears in control?

From a technical perspective:

The moving averages are about to form a death cross, and the pattern is looking increasingly grim.

The RSI has already fallen into negative territory, and the bears are advancing steadily.

If SUI breaks below the critical support of $3.05,

it will be dangerous, targeting $2.86, a definite free fall.

🐂 Is there hope for the bulls?

Of course there is!

As long as the bulls can exert strong effort and pull the price back above the 50-day moving average,

the downward momentum will be disrupted!

Once it stands above the moving average, there is hope for a short-term surge towards the $3.90 to $4.25 target range!

🎯 Trading advice:

🚨 If it falls below $3.05 → beware of bear strength, target towards $2.86

💪 If it strongly recovers back to $3.40 → short-term long positions can be considered, targeting the $3.90 to $4.25 range.

🎯 In a tight range → stay on the sidelines, wait for clarity before taking action.