$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.