📉 SUIUSDT Price Outlook – Key Support at $1 Before Potential Rebound ?
#SUIUSDT #SUI🔥 #Suipriceanaysis #BinanceSquareFamily #Write2Earn
📊 Market Overview :
SUI has entered a corrective phase after a massive rally from $0.5 to $6, reflecting a natural pullback in price action. The current technical setup suggests a potential drop toward the $1 support zone, where buyers might step in.
📌 Key Price Levels :
Support Zone : $0.86 - $1.00 (Critical defense area)
Mid-Range Resistance : $3.50 - $4.00
Major Resistance : $6.00 - $8.00
📉 Bearish Scenario :
The chart indicates a descending wave formation, potentially targeting the $1 support zone.
Break below $1 could lead to further declines toward $0.86 or lower.
📈 Bullish Recovery Potential :
Holding $1 support could spark a strong bounce, potentially leading to an 800% rally toward $8.
Reclaiming $3.50 could confirm trend reversal and signal further upside.
⚠️ Conclusion & Pro-Tip :
Bearish Bias Near-Term : Expect further corrections unless $1 holds as support.
Best Buying Zone : Between $0.86 - $1.00 for long-term gains.
Investor Strategy : Wait for confirmations at support before entering new positions. 🚀