$SUI /USDT – Bearish Reversal in Play!

Momentum Analysis:

SUI/USDT is showing a significant decline of -15.53% from its previous high, reflecting bearish momentum. With price fluctuating near key support levels, this could signal a potential further drop if the bearish trend continues.

Long Setup:

Entry Zone: Consider entering around 2.4144 if looking for a short-term bounce.

Targets:

T1: 2.44

T2: 2.46

T3: 2.48

Stop Loss: 2.39

Breakout Confirmation Level & Key Support:

Breakout Confirmation Level: 2.44 – if the price breaks above this level, there could be a brief reversal or consolidation.

Key Support: 2.25 – if the price drops below this, further bearish momentum may follow.

Pro Tip for Traders:

Pay attention to the volume; the 24-hour volume for SUI is around 157.30M, signaling significant trading activity. A breakout above key levels should be confirmed with an uptick in volume.

Relevant Hashtags: #SUI #CryptoTrading #BearishReversal #AltcoinMarket