SUI/USDT shows a clear downtrend, with the price retreating from a high of $3.5597 to $2.99, a drop of over 10%. The MACD indicator shows a death cross, with the histogram remaining red, indicating strong bearish momentum; the KDJ three lines are below 20, in the oversold zone, suggesting a potential short-term technical rebound, but a clear golden cross has not yet formed. In terms of trading volume, there is an increase during declines and a decrease during rebounds, indicating weak bullish momentum. The key support is at $2.84, and if it breaks, a deeper correction may occur; the upper pressure zone lies between $3.12 and $3.28. Short-term operations should wait for a reversal in technical indicators and coordination with trading volume to avoid rash entry.
Investment warning: The above content is for reference only and does not constitute investment advice. Cryptocurrency prices are highly volatile; please carefully assess the risks and implement risk control.
