$SUI Analysis

SUI is showing clear signs of bearish pressure, trading below key EMAs with weakening momentum. The current price action suggests a potential continuation of the downtrend, with significant support clusters forming around $2.91.

💰 Market Overview:

The 7.46% decline with increased selling volume indicates strong bearish control. The negative momentum (-6.21%) coupled with below-average volume ratio (0.56x) suggests limited buying interest at current levels.

📈 Technical Breakdown:

RSI at 36.79 is approaching oversold territory but hasn't bottomed yet. The MACD crossover below signal line confirms bearish momentum, while the DMI setup (25.0/32.4) shows sellers in control. The moderate BB Width (23.52%) indicates room for further movement.

Key Trading Considerations:

• Immediate resistance at $3.27 needs to clear for any bullish reversal

• Strong support zone at $2.91 - watch for reaction here

• Volume needs to pick up above $1.76B to confirm trend direction

💡 Action Plan:

Short-term traders should watch the $2.91 support - a break below could trigger further selling to $2.23. For longs, wait for a clear break and hold above $3.27 with increasing volume. Consider tight stops below $2.89 for any long positions.

Risk Management:

• Short entries: Look for rejections at $3.27-$3.38 zone

• Long entries: Wait for confirmation above $3.15 pivot

• Keep position sizes modest given the low liquidity rating (4/10)

good news #RiskAnalysis