$SUI still looks structurally weak on the chart.
The initial breakout hype faded rapidly, and the price has been steadily bleeding lower—characterized by a series of lower highs and persistent seller pressure on the 4H timeframe.
Right now, the critical level to watch is the 0.75 area. If buyers fail to defend this support and it breaks cleanly, downside continuation could accelerate quickly. This bearish sentiment is further confirmed by volume spikes on red candles, indicating that sellers remain firmly in control.
While a relief bounce is entirely possible after a selloff of this magnitude, the chart needs to print a definitive reversal structure before flipping structurally bullish again. For now, the smartest play is patience—this is a "wait for confirmation" setup rather than one for chasing candles blindly.
👉 Trade $SUI here
The initial breakout hype faded rapidly, and the price has been steadily bleeding lower—characterized by a series of lower highs and persistent seller pressure on the 4H timeframe.
Right now, the critical level to watch is the 0.75 area. If buyers fail to defend this support and it breaks cleanly, downside continuation could accelerate quickly. This bearish sentiment is further confirmed by volume spikes on red candles, indicating that sellers remain firmly in control.
While a relief bounce is entirely possible after a selloff of this magnitude, the chart needs to print a definitive reversal structure before flipping structurally bullish again. For now, the smartest play is patience—this is a "wait for confirmation" setup rather than one for chasing candles blindly.
👉 Trade $SUI here
