SUI/USDT Futures Analysis
LONG Setup
Scenario: Bounce from Key Support
Entry Zone: $2.46 – $2.49
Target 1: $2.65
**Target 2:** $2.75
Target 3: $2.85
**Stop Loss:** $2.39
Rationale:
SUI is testing major support at the 24h low of $2.4615, with the 1-year chart still showing +52% gains. A hold here, combined with oversold conditions and potential Layer 1 rotation, could trigger a bounce toward the nearest resistance near $2.65.
Key Narrative:
SUI is at a decisive level—holding support could spark a relief rally, while a breakdown may extend the current downtrend. Watch for a clear break above $2.53 (MA7) for long confirmation, or below $2.46 for short entry.
