📈#SUI🔥 Based on the SUI/USDT chart you provided, it appears that the price of SUI is currently in a downtrend.
Key points to note from the chart:
* Price decline: The price has declined from around 3.7000 USDT in early June to around 2.8858 USDT at the current time (chart).
* Support levels broken: Several support levels (blue horizontal lines) have been broken, indicating a continuation of the downtrend.
* Red zone: The red zone on the right side of the chart indicates a potential area for further declines, given that the price has also broken below the 3.0264 USDT and 2.9167 USDT levels.
* "2 weeks of breakout" indicator: This indicator likely points to a "breakout" or trend reversal in the past, but the downtrend is currently dominant.
* Blue vertical lines and red dotted lines: These lines are likely to indicate "fib time zones" or important time zones that can influence price movements.
Conclusion:
Based on the chart, SUI appears to be under selling pressure at the moment and the downtrend continues. Important support levels have been broken and if the price fails to break through these levels again, we may see further price declines.
Please note that this is not a financial analysis and is merely an interpretation of the chart. It is recommended to consult a financial professional for any financial decisions.
