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SUI/USDT Price Analysis📉: Support and Resistance

Price: The current price of SUI/USDT is approximately 2.0185.

24h High and Low: The price has fluctuated within a range of 2.2748 and 1.9725 in the past 24 hours.

Trading Volume: The 24-hour trading volume for SUI is 183.05M, while for USDT, it's 383.57M.

Price Change: The price has decreased by 9.91% in the past 24 hours.

Short-term Trend: The short-term trend for SUI/USDT is likely bearish, given the recent price decline.

Support and Resistance Levels

Support: Prices tend to find support at the following levels:
2.0085
1.9725 (This level also coincides with the 24h low)

Resistance: Levels where the price may encounter resistance are:
2.0664
2.2748 (This level is the 24h high)

Volatility: The market seems to be relatively volatile, as evidenced by the significant price swings in the past 24 hours.

Trading Strategy: Traders might consider adopting a cautious approach and potentially looking for short-selling opportunities if the price continues to decline. However, it's essential to exercise risk management and have a well-defined trading plan.
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