$SUI /USDT: Testing Support Levels After Sharp Decline
Current Price: $3.7673 (-8.83%)
24H High: $4.1612 | 24H Low: $3.4952
$SUI /USDT has witnessed a sharp pullback after a recent high of $4.1612. The price is attempting to stabilize, showing potential signs of consolidation near its current level.
Key Levels to Watch:
Resistance: $3.9200 – A breakout could push prices toward $4.0500.
Support: $3.6200 – Losing this level might lead to further declines toward $3.5000.
Indicators:
RSI: 56 – Suggests neutral momentum, with room for either recovery or continued decline.
Volume: High, indicating strong market activity.
Trade Setup:
Long Entry: Above $3.8000, with targets at $3.9200 and $4.0500.
Short Entry: Below $3.6200, with targets at $3.5000 and $3.4000.
Risk Management:
Long Stop-Loss: $3.7500
Short Stop-Loss: $3.6500
Market Outlook:
If the price maintains above $3.6200, it could trigger a bullish recovery. However, breaching support at $3.5000 might signal further downside.
