๐ฆ๐จ๐ ๐๐ผ๐๐ป๐ฐ๐ฒ๐ ๐ช๐ถ๐๐ต $๐ฎ.๐ญ๐ ๐ฉ๐ผ๐น๐๐บ๐ฒ โ ๐ฅ๐ฒ๐ฎ๐ฑ๐ ๐ง๐ผ ๐ฅ๐ฎ๐น๐น๐, ๐ผ๐ฟ ๐ฎ ๐๐ฎ๐ธ๐ฒ๐ผ๐๐ ๐๐ต๐ฒ๐ฎ๐ฑ?
๐ Big Bounce, But Still No Clear Trend
SUI pumped 12.5% in 24 hours and saw a huge surge in trading volume โ over $2.1 billion, up 66%. That kind of spike catches attention, but the chart suggests we might not be out of danger yet.
Yes, price bounced cleanly from the Fibonacci 78.6% retracement near $2.43 โ a bullish signal โ and Bitcoin climbing back over $106K helped boost sentiment.
But hereโs what traders need to understandโฆ
๐ Daily Chart Still Shows Weak Structure
SUI lost its bullish structure when it fell below $3.12 in early June.
It now trades below that key level โ and hasnโt reclaimed it yet.
The Chaikin Money Flow (CMF) is still negative (โ0.08), signaling weak buyer commitment.
The Money Flow Index (MFI) is at 30.5 โ very close to oversold, but not yet reversing.
Unless volume improves with higher highs, this could still be a dead cat bounce.
๐ Key Levels for Every Trader
Support Zones:
$2.08 โ critical support zone from March & April
$1.71 โ weekly swing low; losing this level could start a deeper drop
Resistance Zones:
$2.43 โ recent bounce level (Fibonacci 78.6%)
$3.00 โ psychological level
$3.12 โ major resistance to break trend reversal
๐ What Needs to Happen for a Real Reversal?
โ Bullish scenario:
If SUI breaks above $3.12 and confirms that as support, it would restore a bullish market structure and could open a move toward $3.50+.
โ Bearish scenario:
If SUI drops under $2.08, and especially below $1.71, expect more downside with potential retest of previous lows.
๐ง Final Take for Traders
SUI is gaining attention again โ but volume without structure is risky.
Until the token reclaims $3.12 and volume confirms real interest, traders should stay cautious.
This is a watchlist token โ not a blind buy.