$SUI

SUI Correction! You Don't Want To Miss the Marks ☄️

SUI in 24hrs —

SUI has been making waves in the crypto market! Over the past 24 hours, it has remained one of the few top-50 altcoins posting gains despite a broader market correction.

The token surged to 3.36, fueled by increased DeFi activity and stablecoin growth. Additionally, SUI's Total Value Locked (TVL) jumped 10% to 1.46 billion, with decentralized exchange (DEX) trading volumes spiking by 38.5%.

Meanwhile, SUI outperformed all top 100 cryptocurrencies, including Bitcoin, with a 72% weekly gain, reaching a peak of 3.70 before settling around 3.50. The surge has been attributed to strategic partnerships and growing investor confidence in its ecosystem.

Technical Analysis —

SUI in all bullish Sentiment has in its chart shown signs of strong correction incoming!

As it clearly shows in the 4-hr TF of the SUI/USDT chart

SUIUSDT already formed a DT and almost a Tweezers for the HH.

To crown it, the chart and RSI already show a divergence pointing toward a solid correction.

Notably, sellers are already coming in and once confirmed, the immediate support zone would be around 3.43 - 3.36, once this support fails, SUI is heading toward 2.98 - 2.89 which forms a stronger support for the chart.

My Take —

Futures Traders, find a good entry in a Lower TF around 3.73 - 3.71 and take a SHORT position!

Set your TP1 within the immediate support and your TP2 within the next support!

Stay profitable!

Love ❤️ and Light💡