$SUI $SUI is trading at $2.6981, down 4.61% in
the past 24 hours, struggling to maintain support after a failed attempt at the $2.89 resistance level. The price saw a low of $2.5613, indicating increased volatility and selling pressure.
Key Levels to Watch
Resistance: $2.75 - A breakout could push the price towards $2.85 and $2.90.
Support: $2.64 - A breakdown may send
SUI towards $2.55 and $2.45.
Trade Setup
Long Entry: Above $2.75, targeting $2.85 and $2.90.
Short Entry: Below $2.64, targeting $2.55 and $2.45.
Stop-Loss: $2.70 for longs, $2.67 for shorts.
Market Insights
MACD shows weakening bullish momentum.
RSI remains neutral, suggesting a potential further drop if support fails.
Volume is decreasing, indicating uncertainty among traders.
SUI must reclaim $2.75 to regain bullish momentum. A failure could invite more sellers into the market.
