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Razib⁰⁰⁹
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SUI Technical Analysis Price has returned to a major horizontal support zone around 1.28–1.30 that previously acted as a base for multiple bounces. The current move shows a strong bearish leg into this level, indicating sellers are in control but also bringing price into a high-reaction area. RSI is below 30, suggesting oversold conditions. This increases the probability of a short-term bounce, but does not by itself confirm a reversal. Key levels: Support: 1.25–1.30. A daily close below this zone would signal a breakdown and could lead to continuation toward ~1.10–1.15. Resistance: 1.45 first, then 1.70–1.80 where the last major lower high formed. @SuiNetwork $SUI #Suitable {spot}(SUIUSDT) #sui
SUI Technical Analysis

Price has returned to a major horizontal support zone around 1.28–1.30 that previously acted as a base for multiple bounces. The current move shows a strong bearish leg into this level, indicating sellers are in control but also bringing price into a high-reaction area.

RSI is below 30, suggesting oversold conditions. This increases the probability of a short-term bounce, but does not by itself confirm a reversal.

Key levels:

Support: 1.25–1.30. A daily close below this zone would signal a breakdown and could lead to continuation toward ~1.10–1.15.

Resistance: 1.45 first, then 1.70–1.80 where the last major lower high formed.

@Sui $SUI #Suitable
#sui
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