SUI is consolidating below $0.90 after falling 10% following the Binance hack, with $0.84 seen as a key threshold for its next price move.

SUI has given up more than half of its previous gains in October. Market sentiment remains affected by the hack, the US midterm elections, and geopolitical conditions.

SUI price levels in Q4

SUI could return to its Q3 price range if it falls below $0.84; conversely, holding this level could pave the way for a recovery.

In September, SUI rose from $0.63 to nearly $1.30, recording a 103% gain in Q3. After giving back more than half of those gains in October, SUI’s decline in Q4 reached 34%.

Price level or range Role in the analysis $0.66–$0.84 The Q3 price range SUI could return to if it breaks below $0.84. $0.75 A level corresponding to an estimated downside risk of about 10%. $0.84 A level that served as important resistance in Q3. $0.95 The price level that must be breached to confirm a stronger uptrend. $0.66 The lower boundary of the Q3 price range, corresponding to an estimated downside risk of about 21%.

Source: SUI/USDT, TradingView

If market sentiment weakens in Q4, SUI could fall to the lower boundary of the Q3 price range at $0.66. This scenario includes the possibility of the U.S. Federal Reserve raising interest rates in December, although that decision is far from certain.

Liquidity zones above and below SUI’s price

SUI’s liquidity zones are concentrated at $0.91–$0.97 for short positions and $0.77–$0.82 for leveraged long positions.

Liquidity zone Position group Scenario outlined $0.91–$0.97 Leveraged shorts Price could move into this zone during a liquidity hunt; a more pronounced recovery depends on holding above $0.95. $0.77–$0.82 Leveraged longs Price could return to the Q3 price range if market sentiment deteriorates.

Source: CoinGlass

Summary

SUI is consolidating below $0.90, with $0.84 as a level to watch and $0.95 as a key threshold for a recovery scenario. If market sentiment continues to weaken, the price could return to the Q3 range of $0.66–$0.84.

Source: https://tintucbitcoin.com/phe-bo-sui-giu-duoc-moc-084-usd-va-tranh-giam-21/

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