Your shared SUI/USDT 1-hour chart clearly indicates that SUI is currently facing strong bearish pressure. The price is currently trading around 1.3975 USDT, and a daily decline of -4.99% has already been recorded. This area has become a very important decision zone for the short term.
š Current Price Action Review
SUI has been in a clear downtrend for the past few sessions, with lower highs and lower lows being formed. Previously, the price attempted to hold the 1.55 ā 1.60 zone, but strong selling came from there and the market went down.
The most important breakdown occurred below the 1.50 support, which was previously a strong demand zone. As soon as this level broke, sellers took full control and the price quickly fell to the 1.40 area. Now recent candles are showing small bodies, which is a sign that selling momentum is slowing down, but buyers are not yet fully active.
š Volume Analysis and Market Sentiment
Chart shows clear volume spikes with red candles, confirming panic selling and liquidations. This often happens when weak hands exit the market.
As the price approached support, volume seems to be stabilizing a bit, which signals that:
selling exhaustion may occur
short-term consolidation may come
preparation for a relief bounce is underway
However, until strong buying volume comes in, the downside risk remains.
š§± Important Support and Resistance Levels
ā Support Zones:
1.40 ā 1.38 ā Immediate and psychological support
1.35 ā Strong historical support if the current level breaks
ā Resistance Zones:
1.45 ā 1.48 ā First recovery resistance
1.50 ā 1.52 ā Major resistance and trend shift zone
If the price closes above 1.50 with strong volume, it could signal the first indication of a trend reversal.
š Trend Structure and Market Psychology
From a technical point of view, SUI is currently under bearish control. Every small bounce is creating a new selling opportunity for sellers, showing a lack of buyer confidence.
Market psychology currently reflects fear and uncertainty. During such phases, smart money often quietly accumulates, but this process takes time and does not happen suddenly with pumps.
š® Upcoming Possible Scenarios
1ļøā£ Sideways Consolidation
SUI may move between 1.38 ā 1.45 for some time.
2ļøā£ Bearish Continuation
If the 1.38 support breaks, the price could drop to 1.35 or below.
3ļøā£ Short-Term Relief Bounce
If buyers become active at support and volume comes in, a bounce to 1.45 ā 1.50 is possible.
š§ Final Thoughts
SUI is currently in a very critical zone. The short-term trend is bearish, but selling pressure seems to be easing. At this stage, patience and confirmation are very important.
For long-term investors, these levels may serve as gradual accumulation zones, while short-term traders should only enter after clear confirmation and volume support.
ā ļø Always use proper risk management, as altcoins like SUI can be very volatile.
