🔹 $SUI Price Analysis: Can the Upcoming Bull Run Propel It Beyond $4? 🔹

The price of $SUI /USDT has encountered a sharp decline, currently trading around $3.11, marking a 10.88% drop in the last 24 hours. With key support levels being tested, the market sentiment leans toward increasing bearish pressure. $SUI has slipped past multiple critical support zones and is now hovering near its daily low, signaling intensified selling momentum.

Key Technical Levels to Monitor

Immediate Resistance: $3.35 – A decisive move above this level may trigger a short-term recovery, potentially leading to a relief rally.

Crucial Support: $3.28 – A breakdown below this zone could accelerate losses, sending the price toward $3.20 or lower.

Strategic Trade Setup

📌 Bullish Scenario: A long position may be considered if SUI reclaims $3.35, with upside targets at $3.42 and $3.50, while placing a stop-loss at $3.30 for risk management.

📌 Bearish Outlook: If the price dips below $3.28, shorting the asset could be a viable option, with downside targets at $3.20 and $3.10, using $3.32 as a stop-loss.

Market Sentiment & Indicators

Technical indicators suggest that bearish momentum is dominating the market. The MACD signals a growing downward trend, while the Parabolic SAR confirms strong selling pressure. Until a clear breakout above resistance occurs, caution is advised, as sellers currently have the upper hand.

Would you consider trading SUI at these levels, or are you waiting for a reversal? #SUİ #BTCHovers100k #USJoblessClaimsRise #CryptoTrading #SUIAnalysis