🚨 $SUI Daily Update: Testing Support at $0.79 — Accumulation Zone or More Downside? 📉📊
Hello Square Family! Let’s break down the macro technical structure on the $SUI/USDT 1D chart.
Following a rejection from higher levels near $1.29, SUI has experienced a significant correction, recently dropping to $0.7981 (-3.88%) and testing key support zones.
📊 Technical Snapshot (Daily Timeframe):
Current Price: $0.7981
MA(7): 0.8338
MA(25): 0.9038
MA(99): 0.8848
24h High / Low: $0.8541 / $0.7841
The daily moving averages reflect ongoing downward pressure as the price hovers near the $0.78 - $0.79 floor. Will buyers defend this critical base for a strong reversal bounce, or are we heading toward deeper retests? 🧐
💬 Let’s discuss in the comments: Are you accumulating $SUI at these discounted levels, or waiting for a confirmed trend reversal? Drop your thoughts below! 👇
#SUI #CryptoTrading #BinanceSquare #TechnicalAnalysis #Layer1
Hello Square Family! Let’s break down the macro technical structure on the $SUI/USDT 1D chart.
Following a rejection from higher levels near $1.29, SUI has experienced a significant correction, recently dropping to $0.7981 (-3.88%) and testing key support zones.
📊 Technical Snapshot (Daily Timeframe):
Current Price: $0.7981
MA(7): 0.8338
MA(25): 0.9038
MA(99): 0.8848
24h High / Low: $0.8541 / $0.7841
The daily moving averages reflect ongoing downward pressure as the price hovers near the $0.78 - $0.79 floor. Will buyers defend this critical base for a strong reversal bounce, or are we heading toward deeper retests? 🧐
💬 Let’s discuss in the comments: Are you accumulating $SUI at these discounted levels, or waiting for a confirmed trend reversal? Drop your thoughts below! 👇
#SUI #CryptoTrading #BinanceSquare #TechnicalAnalysis #Layer1
