SUI/USDT Bear Flag?
Current price — 3.4531 USDT, down by 1.70%. The price has broken below EMA(7) and EMA(25), establishing itself below them, which increases the likelihood of a short-term bearish move. EMA(99) at 3.5868 serves as strong resistance.
Indicators:
EMA: declining, indicating weakening bulls.
MACD: histogram is nearly at zero, a reversal towards a downward crossover is possible.
Stochastic RSI: declining from the overbought zone → a correction is possible.
RSI: (14) = 46, closer to the lower boundary of the neutral zone, hinting at selling pressure.
Possible Scenarios:
✅ Basic (bearish):
If it stays below 3.45 USDT, the price may continue to decline to support zones:
🎯 3.38 USDT (first support)
🎯 3.28 USDT (key support, a bounce is possible)
📈 Alternative (bullish):
If the price holds above 3.45 USDT and breaks back above 3.49 USDT (EMA25), a rise to:
🎯 3.56 USDT (EMA99, strong resistance)
🎯 3.65 USDT (next target if momentum strengthens)
Possible Entry Points:
🟢 Long: if it stays above 3.49 USDT (with targets 3.56 → 3.65).
🔴 Short: if it breaks and holds below 3.45 USDT (with targets 3.38 → 3.28).
A good strategy now is to wait for confirmation: either a breakout below 3.45 or a return above 3.49.
Spot 👉$SUI
