🔍 SUI Market Analysis – Hanging Man at Resistance! ⚠️
🔹 SUI/USDT Price: $2.4700
📊 Resistance Level: $2.4778
🛡 Support Level: $2.3967
⚠️ Market Signal: Hanging Man at Resistance – Possible Reversal?
SUI is currently trading near its resistance level at $2.4778, forming a Hanging Man candlestick, which is typically a bearish reversal signal at the top of an uptrend. If selling pressure increases, SUI may pull back toward its support level at $2.3967.
🔍 Technical Outlook:
✅ If SUI breaks above $2.4778, it could extend the uptrend.
✅ The Hanging Man suggests that bulls are losing strength, and a drop toward $2.3967 is possible.
✅ Traders should watch for confirmation—if the next candle is bearish, a pullback is likely.
📌 Trading Strategy:
🔸 Bearish Scenario: A rejection from $2.4778 may push SUI toward $2.3967 support.
🔸 Bullish Potential: If SUI breaks above $2.4778, momentum could continue upward.
🔸 Watchlist: Monitor volume and price action to confirm the next move.
📢 SUI is at a decision point—breakout or reversal? Stay alert!
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