$⚠️ $SUI/USDT Technical Analysis: Bearish Pressure Emerging ⚠️
$SUI/USDT is starting to flash early warning signs of bearish momentum as the price struggles to maintain strength above the crucial $2.4000 resistance zone. Multiple rejections at this level have created a ceiling for bullish continuation, signaling potential weakness in the current trend. The pair is now hovering near the $2.3000 support, a level that has been pivotal in recent sessions.
If $SUI fails to defend this support, traders could witness an accelerated downside move toward the $2.2000 and $2.0500 zones, where previous liquidity pockets exist. The RSI is tilting downward, confirming fading buying pressure, while the MACD shows a potential bearish crossover forming.
For bulls to regain control, $SUI I must reclaim and hold above $2.4000 with strong volume confirmation — otherwise, the path of least resistance remains downward. Until then, caution is advised, as short-term sentiment favors sellers and a deeper pullback could unfold before the next accumulation phase begins. 📉#WriteToEarnUpgrade
