$SUI USDT – REJECTION FROM $4.02 LEVEL, BEARS PRESSURIZE SHORT-TERM SUPPORT
DOUBLE TOP STRUCTURE FORMING
FAILED TO HOLD ABOVE $3.97 ZONE
$SUI attempted to push past the $4.0264 resistance but faced strong rejection — forming a possible double-top pattern on the 1H chart. The price has dropped to $3.9469 after repeated failures to sustain above $4.00, and current candles reflect selling pressure creeping back in.
If SUI breaks below $3.91, it could open room for a deeper retracement toward the $3.88–$3.85 support zone. Bulls must defend this level or risk a sharper pullback.
Bearish Trade Setup:
Short Entry: $3.94 – $3.97
Targets: $3.91 / $3.88
Stop Loss: $4.03
Outlook: Momentum is weakening after repeated rejection at resistance. As lower highs emerge, bearish continuation becomes more likely unless bulls reclaim $4.00 decisively.
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