$SUI /USDT – Sharp Pullback, But Bulls May Reclaim Momentum | Key Support Holding

Current Price: $2.4682

Trend: Short-term bearish pullback after recent highs

24h Change: –3.95% | Volume: High Layer 1 activity observed

Trade Setup:

Entry Zone:

Conservative: $2.37 – $2.42 (Support-based entry)

Aggressive: $2.46 – $2.48 (Reversal anticipation)

Targets:

Target 1: $2.57 (First bounce zone)

Target 2: $2.68 (Depth resistance)

Target 3: $2.75 (Full recovery level)

Stop Loss:

Below $2.29 (Major structural support break)

Technical Outlook:

SUI pulled back sharply from highs near $3.47 but is stabilizing around a key support zone ($2.37–$2.46).

Depth data indicates strong selling resistance near $2.68–$2.75, but reclaiming $2.57 would signal strength.

Buyers may step in if price consolidates above $2.46 with increasing volume.

Conclusion:

SUI/USDT is at a critical support level after a heavy correction. If $2.37 holds, a technical bounce is likely. Look for entries on dips with targets toward $2.68+. Break below $2.29 would invalidate the setup.