⚡$SUI /USDT Analysis & Forecast ⚡
Current Price: $3.6164
24h Range: $3.5960 – $3.8946
Volume: 42.65M SUI / 160.64M USDT
Price Change (24h): -4.80%
Technical Observations:
1. Bearish Momentum: SUI has dropped nearly 5% in the last 24 hours, indicating strong selling pressure.
2. Support Zone: Immediate support is around $3.596–$3.566, crucial for holding the current levels.
3. Resistance Zone: Resistance lies near $3.824–$3.894, testing which may trigger a reversal if broken with strong volume.
4. Volume Analysis: High trading volume (160.64M USDT) suggests active participation and that the current downtrend is backed by market activity.
Short-Term Forecast
Bearish Scenario: If SUI breaks below $3.596, it could drop further toward $3.550–$3.500.
Bullish Scenario: A recovery above $3.824 may push the price toward $3.950–$4.081, but strong buying volume is needed.
Neutral/Sideways: If SUI stabilizes around $3.616, it may consolidate between $3.596–$3.824 before the next decisive move.
Conclusion:
SUI is currently showing bearish sentiment, with critical support at $3.596. Traders should watch for a breakout above $3.824 for bullish signs or a breakdown below $3.596 for further downside. Short-term traders may consider cautious positions with proper risk management.
