$SUI IS GETTING DOWN ???
#BinanceToResumePhaseOneOfWithdrawals #BinanceUpdatesProofofReservesAddresses
Daily (1D)
Price is making lower highs and lower lows. The October 29 bearish engulfing candle reinforced selling pressure.
4-hour (4H)
A descending triangle pattern has been identified, suggesting sellers remain active near resistance.
Short-term (15M–1H)
Short-term momentum has improved in some readings, but the 1H trend remains weak. A bounce is not yet a confirmed reversal.
Breakout above $0.912
A strong 4H candle close above $0.912 could open the way toward $0.924, followed by $0.965.
Confirmation: rising volume and higher lows.
Breakdown below $0.880
A daily close below $0.8805 could expose $0.864 and potentially retest $0.8277.
Confirmation: strong red candles and increasing sell volume.
Consolidation between $0.880–$0.912
SUI may remain range-bound until a decisive breakout or breakdown occurs.
5. My overall outlook
Timeframe Bias
Next few hours Neutral to bearish
Next 1–3 days Bearish
Next 1–2 weeks Bearish until $0.965 reclaimed
My conclusion: SUI is not showin
#BinanceToResumePhaseOneOfWithdrawals #BinanceUpdatesProofofReservesAddresses
Daily (1D)
Price is making lower highs and lower lows. The October 29 bearish engulfing candle reinforced selling pressure.
4-hour (4H)
A descending triangle pattern has been identified, suggesting sellers remain active near resistance.
Short-term (15M–1H)
Short-term momentum has improved in some readings, but the 1H trend remains weak. A bounce is not yet a confirmed reversal.
Breakout above $0.912
A strong 4H candle close above $0.912 could open the way toward $0.924, followed by $0.965.
Confirmation: rising volume and higher lows.
Breakdown below $0.880
A daily close below $0.8805 could expose $0.864 and potentially retest $0.8277.
Confirmation: strong red candles and increasing sell volume.
Consolidation between $0.880–$0.912
SUI may remain range-bound until a decisive breakout or breakdown occurs.
5. My overall outlook
Timeframe Bias
Next few hours Neutral to bearish
Next 1–3 days Bearish
Next 1–2 weeks Bearish until $0.965 reclaimed
My conclusion: SUI is not showin
