$SUI is the third-most-searched coin on CoinGecko today — and I'm staring at a level with a memory.
October 30, SUI tapped $0.8277 and bounced. Thursday it fell 13% from Wednesday's $0.9566 high to $0.8304 — 0.3% off the same shelf. Two tests, one line, six days apart. Thursday printed $46.2 million of volume, double Tuesday's $23 million, so the retest came with real money.
I've watched levels hold twice, then give way on the third test — I'm not calling this a floor. The recovery has been weak: not one 4-hour close above today's $0.8711 high, and I found no SUI-specific catalyst — just search traffic on a red tape. Tonight's 20:30 WIB jobs print is the obvious trigger for test three.
Support $0.8304 — Thursday's flush low.
Resistance $0.9401 — Thursday's high.
A daily close under $0.8304 breaks the shelf.
When a level holds twice on double the volume — buyers defending, or sellers reloading? What tells you which?
NFA, DYOR.
$SUI $BTC #Sui #Altcoins #CryptoMarkets #MarketStructure
October 30, SUI tapped $0.8277 and bounced. Thursday it fell 13% from Wednesday's $0.9566 high to $0.8304 — 0.3% off the same shelf. Two tests, one line, six days apart. Thursday printed $46.2 million of volume, double Tuesday's $23 million, so the retest came with real money.
I've watched levels hold twice, then give way on the third test — I'm not calling this a floor. The recovery has been weak: not one 4-hour close above today's $0.8711 high, and I found no SUI-specific catalyst — just search traffic on a red tape. Tonight's 20:30 WIB jobs print is the obvious trigger for test three.
Support $0.8304 — Thursday's flush low.
Resistance $0.9401 — Thursday's high.
A daily close under $0.8304 breaks the shelf.
When a level holds twice on double the volume — buyers defending, or sellers reloading? What tells you which?
NFA, DYOR.
$SUI $BTC #Sui #Altcoins #CryptoMarkets #MarketStructure
