🔍 $SUI : Decision Point Ahead?

SUI is trading at $3.03, down 1.6% in 24h — and signs aren’t too bullish right now. 📉

The price is below all key EMAs (10–100) on the daily, signaling weak momentum. The 100-day SMA at $2.95 is the last line of short-term defense. If that breaks, the next support might not show up until $2.10. 👀

📊 Indicators (MACD, RSI, momentum) are still in sell territory. RSI sits at 41 — not oversold yet, so there’s room for more downside.

⚠️ Add to that: 58M SUI unlocks on July 1. Expect some volatility.

But here's the catch — 📈 macro view stays bullish if SUI holds above $2.90, the 78.6% Fib level from the April rally. Some analysts still see a possible wave 3 targeting $10.90... but there’s no confirmation of that move yet.

Short-term breakout? First, bulls need to push past $3.14–$3.15, then reclaim $3.50+. For now, the uptrend from June 14 is still alive... barely. 🤏

Holding $2.95 is key. Break it, and bears likely take control. Hold it, and SUI might surprise.