Here’s a technical breakdown of SUI’s current support and resistance levels:

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#BinanceAlphaAlert #ScalpingStrategy #SUI🔥

🛠️ Key Support & Resistance Levels

CoinLore Levels:

Support zones: $2.53 – $2.83

Immediate resistance: $2.83, followed by $2.99 and $3.19

CoinCodex Pivot-Based Data:

Pivot point: ~$2.82

Support: S1 = $2.73, S2 = $2.66, S3 = $2.57

Resistance: R1 = $2.88, R2 = $2.97, R3 = $3.04

Market Views:

Short-term “support zone” around ~$2.85

If broken, next downside likely toward ~$2.70 or “buy zone” around $2.15–$2.30

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📈 Recent Price Context

Last price: ~$2.78 (within the pivot range)

High of day: ~$2.82 — this aligns with the pivot point resistance

Resistance hurdle noted at ~$3.30 — higher-timeframe barrier

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💡 Interpretation & Trading Considerations

1. Short-term bounce area: $2.75–$2.85

2. Key pivot/resistance: ~$2.82 – breakthrough could open way to $2.88–$2.97

3. Strong resistance above: $3.00+, with next region around $3.30

4. On the downside: fall below $2.73–$2.66 could lead toward $2.57, then potentially lower to $2.15–$2.30

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📊 Technical Indicators Snapshot

Overall technical rating: bearish/neutral, with most moving averages and oscillators currently signaling “sell” or “neutral”

Chart patterns: traders highlight potential descending channel support (~$2.85) or Fibonacci retracement at ~$2.70 (0.618 level)

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✅ Summary

Immediate support: $2.75–$2.85 (important zone to hold for a bounce)

Next support levels: $2.73, $2.66, $2.57

Immediate resistance: $2.82–$2.88

Higher resistance caps: $2.97, $3.00–$3.30

Watch for a breakout above $2.88 for bullish signs, or a dip below $2.73 for deeper downside.

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🔎 What to Watch Next

Volume surge at support could indicate a reversal bounce.

Break above $2.88–$3.00 opens upside momentum toward $3.30.

Break below $2.66 could shift sentiment bearish, with next interest near $2.15–$2.30.