$SUI

/USDT BEARS TIGHTEN GRIP AS PRICE SLIDES BELOW SUPPORT – MORE DOWNSIDE AHEAD?

Market Outlook:

$SUI/USDT has taken a sharp bearish turn, breaking key support at 2.6000 and now trading around 2.5892, down 4.67% on the day. Selling pressure is dominating, with buy-side interest thin and failing to defend key psychological levels. The continuous lower highs from 2.8200 signal weakening bullish momentum and potential for a further downside push.

Immediate Market Move Explanation:

The breach below the 2.6000 support confirms bearish control. With the current sell-side momentum and lack of strong buying reaction, the market looks poised to test lower demand zones. Price is struggling to find footing, and unless a swift reversal happens, sellers could push this down towards 2.50 levels.

🔻 Trade Setup: SHORT Entry

Entry: 2.5890

Take Profit (TP): 2.5200 / 2.4800

Stop Loss (SL): 2.6150

Short Market Outlook:

SUI appears to be entering a corrective phase within its broader trend. Until bulls reclaim control above 2.6200, rallies are likely to face strong resistance. Watch for volume confirmation and price behavior near 2.5600 to assess the strength of continued downside.

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