๐ SUI/USDT Technical Analysis โ
๐ 12H Chart View | Potential Reversal or Further Drop?
SUI is currently trading near the lower boundary of a falling channel, right around a key historical breakout zone at $3.35โ$3.40.
๐ Key Insights:
The price has been in a clear downtrend channel since mid-July.
It's now testing a strong support zone where previous resistance flipped to support.
If this level holds, we could see a short-term bounce towards $3.60โ$3.80.
However, a breakdown below $3.35 may send the price down to the next major support at $3.10โ$3.20 โ a zone worth watching for potential entries.
๐ฏ Trade Idea:
Watch for a clear reaction at $3.35. A bounce with volume could signal a reversal. If not, the lower support near $3.10 may offer a better risk-reward entry.
