Quick Technical Analysis for $SUI - 4-Hour Frame

The SUI coin has clearly broken an important support around the level of 2.95 - 3.00

and the price is currently trading below the 50 and 200 averages 👎

The situation is negative in the short term, especially since the RSI indicator is below 30 👇 which indicates entering the oversold area ⚠️

This means there might be a slight technical rebound, but the overall trend is still bearish ✖️

❌ Negative Scenario (Currently the main scenario) 🔻:

▪️ First target: 2.75

▪️ Second target: 2.58

▪️ Third target: 2.42

🎯 Positive Scenario (If a strong rebound occurs with high volume) 🔼:

▪️ First target: 3.00 ✅

▪️ Second target: 3.25 ✅

▪️ Third target: 3.52 ✅

📌 Important Note ✋:

If you intend to enter, you must wait for a confirmation candle or a clear rebound from strong support levels 💡

Random entry here is a very high risk $SUI

⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice.