$SUI /USDT Market Overview & Technical Insight

Current Price: $3.3871

24h Change: -5.69%

24h High: $3.6092

24h Low: $3.3432

Volume: 40.57M SUI | 140.61M USDT

Category: Layer 1

🔍 Technical Analysis:

Trend: Bearish correction in progress. Price has broken below key short-term support zones.

Support Level: $3.34 — critical level. A break below may lead to $3.20 test.

Resistance Zone: $3.52 – $3.60, where recent highs got rejected.

Volume Trend: High sell volume shows strong profit-taking pressure.

RSI: Near 42 on the 4H chart, showing weakening bullish momentum.

📊 Insights:

After a strong run above $3.60, SUI is now under profit-booking, with lower highs forming on the chart.

Bearish engulfing candles suggest short-term momentum favors sellers unless $3.52 is reclaimed.

Traders should monitor $3.34 closely — holding above it could provide a bounce, but a breakdown may open the door to $3.20 or lower.

⚠️ Strategy Outlook:

Short-Term Traders: Watch for rejection near $3.52–$3.60 zone to consider short positions.

Buy-the-Dip Bulls: Wait for bullish reversal candle near $3.30 support zone.

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