📉 SUI/USDT Technical Analysis –
🕒 12H Chart View | Potential Reversal or Further Drop?
SUI is currently trading near the lower boundary of a falling channel, right around a key historical breakout zone at $3.35–$3.40.
🔍 Key Insights:
The price has been in a clear downtrend channel since mid-July.
It's now testing a strong support zone where previous resistance flipped to support.
If this level holds, we could see a short-term bounce towards $3.60–$3.80.
However, a breakdown below $3.35 may send the price down to the next major support at $3.10–$3.20 — a zone worth watching for potential entries.
🎯 Trade Idea:
Watch for a clear reaction at $3.35. A bounce with volume could signal a reversal. If not, the lower support near $3.10 may offer a better risk-reward entry.