$SUI /USDT – Technical Analysis & Trade Setup
Technical Overview:
SUI is showing clear bearish momentum after failing to hold above the $4.10 level. The 4H chart reveals a breakdown from the recent uptrend channel, with price now consolidating near $3.77 — just above the $3.68 support. RSI is trending lower but not yet oversold, suggesting there’s room for more downside if sellers maintain control. Volume has picked up on red candles, confirming stronger selling pressure.
Bearish Trade Setup:
Entry Zone: $3.78 – $3.82
Target 1: $3.68
Target 2: $3.55
Stop Loss: $3.88
Bullish Reversal Watch:
If SUI reclaims $3.88 with strong volume, it could target $4.05–$4.10 for a short-term rebound.