$SUI Bears Cool Down A Bounce or Another Drop?

$SUI has staged a minor recovery after hitting the $3.6914 support. The price is currently trading at $3.7448, still under pressure following a 6.79% drop today. Despite the bounce, sellers remain dominant with 65.35% control in the order book.

24h Range: $3.6519 – $4.2480

Key Support: $3.6910

Resistance to Watch: $3.7550 – $3.7950

Trend: Short-term bearish with slight recovery signs.

For bulls to regain control, SUI must reclaim $3.7550. A failure to hold current levels could invite further downside towards $3.6900.

Trade Setup

Entry: $3.7400 – $3.7500 (upon reclaim of $3.7550)

Stop Loss: $3.6900

Target 1: $3.7950

Target 2: $3.8400

Target 3: $3.9000

Risk Alert: If price breaks below $3.6900, expect extended losses towards $3.6500.