$SUI

Latest update on SUI:

📏 1. Price & Range

Trading near $2.65, down ~2% in the past 24 hours, with intraday support around $2.58 and resistance near $2.70–$2.66 .

On a weekly scale, price is down $3.50–$3.70), forming a broader descending channel .

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📉 2. Technical Indicators & Sentiment

CoinCodex projects a ~‑23% drop to around $2.00 by July 1, reflecting bearish bias, with 75% of indicators favoring downside .

Support/resistance levels:

Support: ~$2.58–$2.60

Resistance: ~$2.70–$2.95 (holds key EMAs near $3.00–$3.13)

RSI sits in neutral range (~40–42), not oversold yet .

⚙️ 3. Institutional & Technical Catalysts

Lion Group (Nasdaq-listed) disclosed plans to purchase SUI, supporting a rebound off the $2.58 zone .

SUI recently rebounded on high volume from $2.58–$2.60 support, indicating active buying interest .

However, price remains below the 50-day & 100-day EMAs (~$3.13 and ~$3.03), and still trading within a bear channel .

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🧭 4. Trader Roadmap

Scenario Trigger Event Watch Levels Trader Response

Bear continuation Break below $2.58 support $2.60 → $2.40–$2.50 zone Short with stop above $2.66

Range bounce Hold & bounce off $2.58–2.60 support with volume $2.60→$2.70–2.80 zone Long, tight stop ~2.55

Bull breakout Daily close above $2.95–3.00 & rising volume $3.00 → $3.20–3.40 range Enter long, targets near $3.50+

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🔍 Summary

Short-term bias: Bearish — technicals are leaning lower, and sentiment reflects that.

Key inflection: The $2.58–2.60 support zone — its behavior could determine next move.

Bull signal: Sustained bounce with strength above $2.95–3.00, especially on volume.

✅ Trader Tips:

Short trades: consider entries below $2.58 with stop above $2.66; target near $2.40.

Long opportunities: look for strong bounce with RSI divergence & volume — entry $2.60–2.70.

Breakout watch: potential entry on rulers above $2.95–$3.00 — could ride to $3.40+.

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