🚨 $SUI /USDT – Opportunity or Folly? Technical Analysis and Outlook 🎯

$SUI is currently trading at $2.84 USDT, while in the last 24 hours it has dropped by −5% with an impressive volume of $1.1 B

Let's break down what this means for traders and holders.

📉 Market Status (24 hours):

• Current price: $2.84

• Daily range: from ~$2.80 to ~$3.15

• Volume: ≈ $1.1 B, confirming strong movement.

⚙️ Technical Indicators:

• Overall rating: strong sell signal on multiple platforms

• RSI (~35): in neutral-bearish zone.

• MACD: slightly negative (~−0.11), no clear confirmation of rebound.

• Moving Averages: majority in sell trend, although MA5/MA10 close to the price.

🧩 Key Levels to Consider:

• Supports: $2.80 → $2.70

• Immediate resistances: $3.00 → $3.15 → $3.30

• Daily pivot: ~$2.97

🧠 Outlook and Strategy:

• 📉 Current trend bearish, although not decisive: look for confirmation of rebound above $2.80.

• 🔁 High volume = real movement, not a ghost rebound: ideal for active traders.

• 🚨 Pay attention to the level of $3.00: key to changing momentum.

• 🎯 Immediate bullish target: $3.15‑$3.30, if it holds above pivot.

• 🛡 If it falls below $2.80: risk of dropping to $2.60‑$2.50.

💡 Professional Recommendation:

“Medium risk setup: wait for confirmation on rebound and scale position with adjusted stop. Do not enter during a full drop.”

📢 Are you taking advantage of the moment or do you prefer to wait for a clear signal? Leave your strategy and tag a fellow trader 👥.

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