$SUI Key Observations from the Chart:
Current Price & Trend:
SUI is currently trading at $3,150
The price is in a downtrend, forming lower highs and lower lows.but bounce back slightly with resistance at 3.2$
🔻Moving Averages (MA):
MA(7): 3.3582 (short-term)
MA(25): 3.4959 (medium-term)
MA(99): 4.0316 (long-term)
This indicates that the asset is in the oversold zone (<30), suggesting a possible short-term rebound.
🔻Prediction:
Short-Term (1-3 days): A slight rebound may happen due to RSI being oversold, but resistance around $3.2 - $3.5 could limit upside movement.
Mid-Term (1-2 weeks): If the price stays below the $3.0 support, it may drop further to $2.80 or lower.
Long-Term (1 month+): If the broader trend remains bearish, a drop toward $2.50 is possible unless a strong reversal occurs.
Personaly i think there is bullish momentum accumilating if market stay strong breakout once happen above 3.5$ occur, green long thick candle stick will be shown
🔻Trading Strategy:
For Bulls: Wait for confirmation of reversal (RSI moving above 30 and MACD crossover).
For Swing Traders: Look for buy signals around $2.8 - $2.9 and sell near $3.3 - $3.5.
