🚨 SUI/USDT 4H Market Update 🚨
SUI is currently trading around $3.61, showing minor stability after yesterday’s drop of nearly 6%. On the 4H timeframe (Binance), the chart structure is giving us some very clear technical levels to watch 👀📊
🔹 Key Support Zone: $3.50 – $3.63
SUI has tested this area multiple times and is still holding above it. As long as buyers defend this zone, we can expect an attempt at recovery.
🔹 Immediate Resistance: $4.11
This level has acted as a rejection point in the recent price action. A clean breakout above $4.11 with strong volume could trigger fresh bullish momentum.
🔹 Pattern Outlook:
Price is currently consolidating between $3.63 – $4.11. A potential bounce from current support could send SUI back toward the resistance zone. However, if the support fails, the next downside target lies near $3.20 – $3.30.
📈 Trader’s Perspective:
Bullish scenario: Holding above $3.63 may lead to a rally toward $4.11 and eventually $4.50+
Bearish scenario: Losing $3.50 support could drag price back into lower demand zones around $3.20
⚡️ Keep a close eye on volume and candlestick confirmations before entering trades. Volatility around these zones can provide good opportunities for both short-term traders and swing setups.
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Best of luck 🤞 🍀 🤞