SUI/USDT Plunges -12.92%, Testing MA60 Support at 0.9348 Amid Heavy Volatility
Signal: Bearish (Critical Support Test)
Entry Zone (Short): 0.9350 - 0.9400
Stop Loss (SL): 0.9500
Take Profit Targets (TP):
TP1: 0.9200
TP2: 0.9000
TP3: 0.8800
Reasoning:
Price ($0.9425) has crashed -12.92% and is now testing the critical MA60 support level at 0.9348.
Volume (54,508) is near the MA5 but below the MA10, indicating sustained selling pressure amid high volatility.
As a "Layer 1 / Layer 2 | Vol" token, it shows severe weakness with deep losses across all timeframes (7D: -26.79%, 30D: -48.99%).
$SUI #SUIUSDT #Bearish #SupportTest #Volatility #BukhariTech