SUI breaks below 3.60, outlook for future market dynamics!
#sui encountered strong selling pressure near the price level of 3.96 USD, followed by a significant correction. This indicates that although buyers attempted to push the price up, they were unsuccessful, and the market's dominance has shifted to sellers. The decline accompanied by a large amount of trading has further intensified the bearish trend.
At this moment, SUI is moving towards the critical support range of 3.49 USD—this could become a key position for buyers to reposition themselves. Meanwhile, the Parabolic SAR technical indicator is also signaling a potential trend reversal in this area.
The upper resistance level is at 3.65 USD, while the lower support is at 3.3 USD.
Pay attention to these key support and resistance areas, analyze price reactions, and lay the foundation for cautious investment decisions.
Feeling confused and lost? The market is currently turbulent, and walking alone can be lonely; I am the Wind God, only those who resonate on the same frequency can gather together!