$SUI
### **SUI/USDT Technical Analysis & Prediction**
*(Based on Daily Chart - Binance, as of Apr 04, 2025)*
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#### **Key Observations:**
1. **Current Price**: **2.2137 USDT** (-2.18% daily decline).
2. **Recent Trend**: The price has dropped from a higher level (~3.0000 USDT) to the current level, indicating a bearish trend.
3. **Support Levels**:
- **Immediate Support**: ~1.9626 USDT (previous low).
- **Strong Support**: ~1.74952 USDT (critical level; break below could signal further downside).
4. **Resistance Levels**:
- **Near-term Resistance**: ~2.5000 USDT.
- **Strong Resistance**: ~3.0000 USDT (psychological barrier).
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#### **Technical Indicators (Inferred from Chart):**
- **Trend**: Downtrend (lower highs and lower lows).
- **Volume**: No volume data visible, but the price drop suggests selling pressure.
- **Potential Reversal**: If the price holds above **1.9626**, a short-term bounce may occur.
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#### **Prediction:**
- **Short-term (1-7 days)**:
- **Bearish Scenario**: If the price breaks below **1.9626**, next target is **1.74952**.
- **Bullish Rebound Scenario**: If support holds, a retest of **2.5000** is possible.
- **Mid-term (1-3 months)**:
- A break above **3.0000** would signal trend reversal.
- Failure to hold **1.74952** could lead to deeper correction.
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#### **Trading Strategy:**
- **Conservative Traders**: Wait for confirmation of support/resistance break.
- **Aggressive Traders**: Consider shorting below **1.9626** (with stop-loss above **2.2137**) or buying near **1.74952** for a rebound.