$SUI / USDT — STRONG BOUNCE AFTER DEEP DIVE! 🧠📈
SUI just printed a textbook V-shaped recovery after plummeting to a local low of $2.8467, now trading at $3.1838 (+5.60%) with a solid bounce from the oversold zone. The asset faced persistent sell pressure over the past sessions, culminating in a sharp decline from the $3.59 zone. But buyers are stepping in aggressively, pushing price back above the psychological $3.15 support level.
📊 Price Action Analysis
The selloff from $3.5974 down to $2.8467 was sharp, forming lower highs and lower lows on the way down.
The bounce off $2.8467 formed strong bullish candles, showing buyer conviction.
Current price is consolidating just below $3.20, potentially gearing for another leg up.
📈 Key Levels
Resistance: $3.20 → $3.30 → $3.47
Support: $3.00 → $2.95 → $2.85
💡 Volume Insight: 63M SUI traded in the last 24h with a strong green follow-through, suggesting momentum could continue if the $3.15–$3.18 zone holds.
🧠 Outlook
If SUI breaks and holds above $3.20, bulls could push for a retest of $3.30+
However, failure to break resistance may lead to a retest of $3.00–$2.95
Ideal scenario: consolidation above $3.15, then breakout toward mid-$3.40s
🚨 Caution: Watch for wicks and volume divergence — a fakeout at resistance is still possible.