đš $SUI BOUNCES BACK FROM $0.9980 â IS A RECOVERY RALLY COMING? đđ„
$SUI is trading around $1.0763, down 4.79% over the last 24 hours, after a sharp sell-off pushed the price below $1.00. However, buyers stepped in near $0.9980, triggering a short-term rebound on the 4H chart. The price is now above MA(7) at $1.0619, showing improving short-term momentum. But the bigger trend remains bearish, with MA(25) at $1.1381, MA(99) at $1.1417, and SAR at $1.1509âall suggesting strong overhead resistance.
đŻ Key Levels to Watch: đą Support: $1.04â$1.00 đ Resistance 1: $1.09â$1.10 đ„ Resistance 2: $1.138â$1.147 đ Bullish Breakout: A strong 4H close above $1.10 could open the door toward $1.14. A breakout above $1.147 would strengthen the recovery case. â ïž Bearish Risk: Losing $1.00 could expose SUI to further downside.
My View: SUI is showing signs of a relief bounce, but the bulls still need to reclaim major resistance levels before a convincing trend reversal can be confirmed. Watch volume and the $1.10 breakout level closely!
Whatâs your prediction? đ $SUI to $1.15 or back below $1.00? đđ»
#SUI
#SUIUSDT #BinanceSquare
#FedMinutesFocusOnOctoberPause
#IMFSaysTokenizedMarketsSmall
$SUI is trading around $1.0763, down 4.79% over the last 24 hours, after a sharp sell-off pushed the price below $1.00. However, buyers stepped in near $0.9980, triggering a short-term rebound on the 4H chart. The price is now above MA(7) at $1.0619, showing improving short-term momentum. But the bigger trend remains bearish, with MA(25) at $1.1381, MA(99) at $1.1417, and SAR at $1.1509âall suggesting strong overhead resistance.
đŻ Key Levels to Watch: đą Support: $1.04â$1.00 đ Resistance 1: $1.09â$1.10 đ„ Resistance 2: $1.138â$1.147 đ Bullish Breakout: A strong 4H close above $1.10 could open the door toward $1.14. A breakout above $1.147 would strengthen the recovery case. â ïž Bearish Risk: Losing $1.00 could expose SUI to further downside.
My View: SUI is showing signs of a relief bounce, but the bulls still need to reclaim major resistance levels before a convincing trend reversal can be confirmed. Watch volume and the $1.10 breakout level closely!
Whatâs your prediction? đ $SUI to $1.15 or back below $1.00? đđ»
#SUI
#SUIUSDT #BinanceSquare
#FedMinutesFocusOnOctoberPause
#IMFSaysTokenizedMarketsSmall