$SUI /USDT
SUI/USDT Analysis
Current Price: $2.8446
24h Change: -9.22%
24h High: $3.1520
24h Low: $2.8170
24h Volume:
SUI: 59.21M
USDT: $176.43M (high liquidity)
๐ Support & Resistance Levels
TypePriceDescriptionResistance 1$2.9106Minor resistanceResistance 2$2.9633Breakdown zone (previous support)Resistance 3$3.0161Intraday pivotCurrent$2.8446Testing local supportSupport 1$2.817024h low, key thresholdSupport 2$2.7400*Anticipated zone (historical base)
๐ Technical Sentiment
๐ป Trend: Strong Bearish
Down nearly 10%, underperforming major alts today.
Lower highs and lows on all intraday timeframes (1h, 4h).
Large red-bodied candles โ institutional selling likely.
Price holding just above 24h low; further breakdown probable.
โ๏ธ Volume Insight
Extremely high USDT volume โ heightened trader attention
Volume not showing buyback strength yet
More sellers than buyers in depth book below $2.85
๐งญ Trading Outlook
๐ด Bearish Play: Continuation
Entry: On breakdown of $2.8170 with volume
Targets: $2.74 โ $2.68 (next historical demand)
Stop: Tight above $2.9100
๐ข Bullish Reversal (High Risk)
Entry: Strong reclaim above $2.9633 with >$200M volume
Targets: $3.02 โ $3.15
Stop: $2.80
๐ Summary
Bias: Bearish below $2.91
Key Risk Level: $2.8170
Momentum: Heavy downside; relief bounce possible, not confirmed
Watch for: Market-wide altcoin bounce or BTC/ETH shift to confirm recovery
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