$SUI ### **Analysis of SUI/USDT (1h Chart) - Binance**
#### **Current Price Action:**
- **Current Price:** 2.1500 USDT
- **24h Change:** -0.0665 (-3.00%)
- The price is in a downtrend, showing weakness with a 3% drop in the last hour.
#### **Key Levels:**
- **Resistance Levels:**
- 2.2000 (immediate resistance)
- 2.4000 (stronger resistance)
- 2.5500 - 2.6000 (major supply zone)
- **Support Levels:**
- 2.1285 (critical short-term support)
- If broken, next support may be around 2.0000 (psychological level).
#### **Market Sentiment:**
- The sharp decline suggests bearish momentum.
- The price is testing a key support level (2.1285). A break below could lead to further downside.
#### **Volume & Structure:**
- No volume data is visible, but the drop indicates selling pressure.
- The chart shows lower highs, confirming a downtrend.
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### **Prediction:**
#### **Short-Term (Next 24h):**
- **Bearish Scenario:** If price breaks **2.1285**, expect a drop toward **2.0000**.
- **Bullish Reversal:** If price holds **2.1285** and reclaims **2.2000**, a short-term bounce to **2.4000** is possible.
#### **Mid-Term (Next Few Days):**
- If the downtrend continues, **SUI/USDT** may test **1.8000 - 2.0000**.
- A recovery above **2.4000** could signal trend reversal.
#### **Trade Idea:**
- **Short Entry:** Below **2.1285**, target **2.0000** (stop-loss: 2.1800).
- **Long Entry:** Only if price holds **2.1285** and breaks **2.2000**, target **2.4000** (stop-loss: 2.1000).
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### **Conclusion:**
The trend is bearish, but a key support at **2.1285** could determine the next move. Watch for a breakdown or reversal at this level. Risk management is crucial due to high volatility.
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