$SUI /USDT – Sharp pullback, but bulls may regain momentum | Key support is holding

Current price: $2.4682

Trend: Short-term bearish pullback after recent highs

Change over 24 hours: –3.95% | Volume: High level 1 activity observed

Trading setup:

Entry zone:

Conservative: $2.37 – $2.42 (entry based on support)

Aggressive: $2.46 – $2.48 (waiting for reversal)

Targets:

Target 1: $2.57 (First bounce zone)

Target 2: $2.68 (Deep resistance)

Target 3: $2.75 (Full recovery level)

Stop-loss:

Below $2.29 (Serious breach of structural support)

Technical forecast:

SUI sharply pulled back from highs around $3.47 but is stabilizing around the key support zone ($2.37–$2.46).

Depth data shows strong selling resistance around $2.68–$2.75, but recovery to $2.57 will signal strength.

Buyers may enter the market if the price consolidates above $2.46 with increasing volume.

Conclusion:

SUI/USDT is at a critical support level after a strong correction. If $2.37 holds, a technical bounce is likely. Look for entries on dips with targets towards $2.68+. A break below $2.29 will invalidate the setup.