$SUI
Rejected at $3.95! Retest or collapse on the next path?
SUI/USDT is trading at $3.8886, down -3.20% after being strongly rejected at the resistance area of $3.95. Despite the promising push, prices failed to hold the breakout and are now hovering above a critical support area. Bulls are losing momentum - this area is crucial.
Key levels to watch
• Resistance area: $3.93 - $3.95
A strong breakout and close above this level could push the price towards:
• Target 1: $4.08
• Target 2: $4.20
• Support area: $3.87 - $3.83
If this area is broken, expect a sharp decline towards:
• Target 1: $3.75
• Target 2: $3.60
Trading volume outlook
Trading volume increased during the rejection, indicating aggressive profit-taking or whale distribution near resistance. Unless buying intervenes again soon, sellers may continue to pressure the price below $3.85.
Trading setup
Bullish scenario
• Entry: Break and hold above $3.95
• Target 1: $4.08
• Target 2: $4.20
• Stop loss: Below $3.87
Bearish scenario
• Entry: Drop below $3.83
• Target 1: $3.75
• Target 2: $3.60
Stop loss: Above $3.90
SUI dances on a tightrope - it either bounces from the current support and regains $3.95, or it may slip into a deeper correction. Watch the volume and candle strength.