The ideal would have been to buy near the local bottom, around $3.10 on July 31, 2024 — but of course, catching the exact bottom is never easy.

📉 Technical Analysis - SUI/USDT
💰 Current Price: $3.1992
⏳ Chart: Daily (1D)
📉 Variation: -0.03%

📊 Technical Indicators:

✅ MA 7: $3.2459 (above the price)
✅ MA 25: $3.6258
✅ MA 99: $2.9014
📉 RSI (6): 32.01 — approaching the oversold zone

📉 SUI remains pressured, trading below all major moving averages. The RSI is close to the oversold region, which may indicate a bottom formation. The momentum is still weak, but the current levels are interesting for those thinking long-term.

💸💸 Suggested Strategy: DCA (Dollar Cost Averaging)
Instead of trying to catch the bottom, distribute your investments consistently:

✅ 40% at $3.10 (psychological level and nearby support)
✅ 30% at $3.05 (recent low)
✅ 30% at $2.90 (99-day moving average region)

🎯 Long-term goal: recovery to the range of $3.58–$3.97

📢 Are you accumulating SUI or waiting for further drops? Comment your strategy below!

#Write2Earn #SUI #CriptoTrading #DCA #Altcoins