🚀 SUI – Is This a Clean Recoil Base at ~$2.84?
Current Price: ~$2.84
24 h Range: ~$2.78 – $2.87
Sentiment: Consolidating with a bullish edge
Date: June 20, 2025
📌 Why SUI Now?
SUI is building out as a Layer‑1 blockchain with growing on‑chain momentum—record TVL and daily transaction growth even amid price weakness
Its ecosystem strength suggests the recent dip may be a recoil setup, offering a solid risk entry.
📈 Technical Snapshot
Support Zone: ~$2.78–$2.80 — the lower end of the 24h range and repeat bounce point
Resistance Zone: ~$2.94–$3.00 — the recent shelf before the pullback
Chart Structure: Sideways range with tight compression — expecting expansion soon
Indicators:
RSI: Neutral (~50) — no signs of exhaustion
Moving Averages: Price hovering near short-term EMAs (~20/50) — coiling
Volume: Mid-range — setting up for breakout dynamics
🔧 Trade Setup — Long Bias
Trade Element Value
Entry Zone $2.80–$2.84
Target 1 $3.00
Target 2 $3.20
Stop‑Loss $2.74 (below recent low)
Risk/Reward ~2.5×
This setup offers a defined invalidation level, solid reward zones, and aligns with on-chain growth fundamentals.
🧭 Injecting the Recoil:
SUI is coiling right at key support after a dip—classic recoil structure. Indicators are calm, the ecosystem is growing, and the chart is coiled for a bounce.
We don't chase trends—we trade the recoil. 🧠📊
