🚨 SUIUSDT Urgent Update – Breakout or Breakdown? 🔍📉
SUI/USDT is currently trading at $2.80, showing signs of bullish interest near a key support and possibly attempting to break out of a falling channel on the daily timeframe. Let’s break it down 👇
🔍 Current Technical Structure:
📉 SUI has been in a clear downtrend, respecting the falling channel since early May.
🟢 Currently testing the upper trendline of the falling channel — a breakout above this could confirm a reversal.
🔵 Blue circles indicate past support turning into resistance, a zone to watch for rejection or breakout confirmation.
📈 Key Levels to Watch:
🔼 Immediate Resistance:
$3.04 (breakout confirmation level)
$3.43 and $3.92 (mid targets if momentum picks up)
$4.74 and $5.45 (higher targets on strong breakout continuation)
🔽 Support Zone:
$2.16 – $1.99 (critical demand zone)
If broken, price may visit $1.41 – $0.92 support zones.
🔥 Next Move Setup:
✅ Bullish Scenario:
If SUI breaks and closes above $3.04, we may see a move toward $3.43–$3.92, targeting the upper range of the previous structure.
⚠️ Bearish Risk:
Failure to break the falling trendline may lead to another retest of $2.16 or even $1.99.
📊 Volume Note:
Volume is still moderate — a volume spike on breakout will confirm the move.
SUI is at a make-or-break level. The coming candles will define whether it reclaims momentum or slides back into correction.
📌 Watch the $3.04 breakout level and $2.16 support closely.
📉📈 Not financial advice – always DYOR and use stop-loss.
