🚨 $SUI /USDT Market Alert!!🚨
SUI has experienced a **sharp 13.79% drop**, currently trading at **$1.6192**, testing the recent **24h low of $1.5983**. With significant downward momentum, the **short-term moving average (MA7)** signals further bearish pressure, while both **MA25** and **MA99** confirm the decline across longer periods.
📉 **Support and Resistance**: The key support level stands at **$1.5983**—if breached, we could see a further slide. On the upside, **$2.0116** serves as resistance for any potential recovery.
💡 **Entry Strategy**: Traders should watch the **$1.5983 support level** closely. A strong bounce could present a short-term buy opportunity, but breaking this level might signal a deeper correction. For those waiting to enter, confirmation above **$1.62** could signal potential upside with less risk.
Stay sharp! Markets are volatile, so plan your trades wisely. 📊