𝗦𝗨𝗜 𝗕𝗼𝘂𝗻𝗰𝗲𝘀 𝗪𝗶𝘁𝗵 $𝟮.𝟭𝗕 𝗩𝗼𝗹𝘂𝗺𝗲 — 𝗥𝗲𝗮𝗱𝘆 𝗧𝗼 𝗥𝗮𝗹𝗹𝘆, 𝗼𝗿 𝗮 𝗙𝗮𝗸𝗲𝗼𝘂𝘁 𝗔𝗵𝗲𝗮𝗱?
🔄 Big Bounce, But Still No Clear Trend
SUI pumped 12.5% in 24 hours and saw a huge surge in trading volume — over $2.1 billion, up 66%. That kind of spike catches attention, but the chart suggests we might not be out of danger yet.
Yes, price bounced cleanly from the Fibonacci 78.6% retracement near $2.43 — a bullish signal — and Bitcoin climbing back over $106K helped boost sentiment.
But here’s what traders need to understand…
📉 Daily Chart Still Shows Weak Structure
SUI lost its bullish structure when it fell below $3.12 in early June.
It now trades below that key level — and hasn’t reclaimed it yet.
The Chaikin Money Flow (CMF) is still negative (−0.08), signaling weak buyer commitment.
The Money Flow Index (MFI) is at 30.5 — very close to oversold, but not yet reversing.
Unless volume improves with higher highs, this could still be a dead cat bounce.
📊 Key Levels for Every Trader
Support Zones:
$2.08 – critical support zone from March & April
$1.71 – weekly swing low; losing this level could start a deeper drop
Resistance Zones:
$2.43 – recent bounce level (Fibonacci 78.6%)
$3.00 – psychological level
$3.12 – major resistance to break trend reversal
📌 What Needs to Happen for a Real Reversal?
✅ Bullish scenario:
If SUI breaks above $3.12 and confirms that as support, it would restore a bullish market structure and could open a move toward $3.50+.
❌ Bearish scenario:
If SUI drops under $2.08, and especially below $1.71, expect more downside with potential retest of previous lows.
🧠 Final Take for Traders
SUI is gaining attention again — but volume without structure is risky.
Until the token reclaims $3.12 and volume confirms real interest, traders should stay cautious.
This is a watchlist token — not a blind buy.
#sui $SUI