$SUI It drops 2.32% with a trading volume of 2.54x... Are we looking at a healthy correction or the start of a bearish trend? 📉
The current price is $0.6741, and the elevated volume ratio confirms strong participation in the downward move on the 15-minute timeframe. This calls for watching the RSI for a potential oversold condition.
Positive scenario: The current correction is testing a key demand zone with positive divergence on the indicators, setting the stage for a quick rebound toward $0.69.
Negative scenario: A breakdown of the market structure and a failed rebound—combined with sustained high volume—drives the price toward $0.65 as the next target.
The deciding factor: Holding immediate support while volume declines during the second test.
Where will the local correction bottom form? ⚖️
$SUI
This content is not investment advice—do your own research (DYOR)
The current price is $0.6741, and the elevated volume ratio confirms strong participation in the downward move on the 15-minute timeframe. This calls for watching the RSI for a potential oversold condition.
Positive scenario: The current correction is testing a key demand zone with positive divergence on the indicators, setting the stage for a quick rebound toward $0.69.
Negative scenario: A breakdown of the market structure and a failed rebound—combined with sustained high volume—drives the price toward $0.65 as the next target.
The deciding factor: Holding immediate support while volume declines during the second test.
Where will the local correction bottom form? ⚖️
$SUI
This content is not investment advice—do your own research (DYOR)