$SUI I is currently trading at $3.25, reflecting a -4.10% decline over the last 24 hours. At first glance, this might seem concerning—but seasoned traders know that strong uptrends are often punctuated by healthy corrections. So, is this a minor breather before the next leg up, or the beginning of a deeper retracement?
Trade Setup:
SUI Price: $3.222
4H Performance: -6.31%
4H Technical Snapshot:
Current Price: $3.25
Key Support Zone: $3.10 – $3.20
Resistance Ahead: $3.40
Recovery Targets:
Target 1: $3.70
Target 2: $4.10
Tight Stop Loss: $2.95
Bullish Technicals:
RSI Cooling: We're seeing a reset in momentum—a common prelude to the next move up.
No Breakdown Below Consolidation: Price continues to respect its support range, a strong sign of underlying buying interest.
Fundamental Edge:
SUI’s modular architecture and high throughput continue to keep it in the race among Layer 1 protocols. With narratives around scalability and user experience growing stronger, projects like SUI are staying firmly on investor radars.
Investor Insight:
In narratives backed by strong fundamentals, pullbacks often present buying opportunities—not exit points. This could be one of those moments where smart money quietly accumulates while retail hesitates.
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My Move:
I'm closely watching how price behaves around the $3.10–$3.20 support range. If we hold this level, it could offer a clean entry with tight risk management. I'm personally leaning toward buying the dip, with stops in place, while keeping a close eye on volume and structure.
Your Move:
Are you stepping in now—or waiting for confirmation above resistance?
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