Overview of $SUI ⚡️

$SUI tested the liquidity zone in the range of $2.40–$2.60 and showed an attempt to hold. This level has already been tested several times as support, making it key for further movement. ⭐

Analysis:

1️⃣ Liquidity zone – at the marks of $2.40–$2.60, we see increased buying volume, indicating the presence of large limit orders. If the level holds – a bounce is possible.

2️⃣ Nearest growth targets – if it returns above $2.75, the next targets will be $3.00 and $3.40, where a slowdown in the upward movement was previously observed.

3️⃣ Downside risks – if $2.40 does not hold, the price may test $2.20, and in case of a breakdown, it could go to $2.00.

4️⃣ Overall context – $SUI is still in a downtrend, but the presence of a liquidity zone and a good support zone indicates a possible reversal.

Conclusion:

The price tested the liquidity zone in the range of $2.40–$2.60, where buyer activity is observed. If the level holds, a reversal towards $3.00 and above is possible. However, if it breaks down, SUI could go to $2.20–$2.00. A decisive move is expected in the coming sessions. 🔼