$SUI Suffers Sharp Breakdown After Bearish MSS Confirmation
Market Overview:
$SUI (SUIUSDT) faced a strong rejection from the $2.16 supply zone, triggering a decisive bearish shift in market structure. After confirming a Break of Structure (BOS) and Market Structure Shift (MSS), the token sharply declined to $2.0981, marking a 2.64% drop on the day.
The move solidifies a bearish trend, with technical indicators pointing toward a potential continuation of the decline. If the current $2.09 support level fails to hold, traders should brace for the next downside target to be tested swiftly.
The breakdown highlights growing selling pressure as bears take control of the short-term trend. Market participants are advised to monitor key levels closely and manage risk accordingly.
Key Levels to Watch:
- Resistance: $2.16 (recent rejection zone)
- Support: $2.09 (critical level); breakdown could accelerate downside momentum
Stay tuned for further updates as the SUI chart continues to unfold.
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