Current price $SUI — $3.35, 24-hour drop — 1.6%. Let's consider the prospects of this Layer-1 project, based on technical analysis and market data.
Analytics: $SUI consolidates around support $3.30, close to the 200-day EMA ($3.25). RSI (44.5) signals a neutral momentum, but proximity to oversold conditions hints at a possible rebound. MACD shows weak bearish momentum (-0.028), but the narrowing histogram indicates decreasing selling pressure. Trading volumes ($1.1B) are stable, and interest from funds (e.g., $500M from Grayscale) fuels long-term optimism. A triangle is forming on the chart, and a breakout could determine the trend. The key resistance level is $3.55, support is $3.20.
Forecast:
• Bullish scenario: A breakout $SUI $3.55 opens the target $4.20–$4.50. Entry: $3.60. TP: $4.20, $4.50. SL: $3.30, moving to breakeven at $3.80.
• Bearish scenario: A drop below $3.20 leads to $2.90. Entry: $3.00. TP: $3.20. SL: $2.80, breakeven at $3.10.
Recommendation: Risk no more than 1–2% of the deposit. SUI is attractive for DeFi and NFT enthusiasts. Share forecasts in the comments and subscribe not to miss top analytics! 🚀 #SUI #Binance #Crypto #Trading #Altcoins
