📊 Current Price Action (Spot / Weekly)
$SUI price recently traded near ~$1.5–$1.8 range with weekly weakness (~–18% decline). Recent volatility shows lower highs / lower lows on spot charts, meaning **bearish pressure remains.**�
• Price remains well below its all-time peaks, signalling continued retracement/lateral phase after earlier rallies.�
Coinbase
Coinbase
Short-term sentiment:
⚠️ Bulls face resistance near $2.0 and higher supply zones.
📉 Continuing lower highs and spot weakness can favor downside continuation if major supports break.
📉 Technical Levels to Watch
Bearish signals if breakdown:
Major support ~ $1.40–$1.50 — break below keeps sellers in control.
$1 psychological support — stronger breakdown could accelerate selling.
Bullish counterpoints (if trend flips):
Break above $1.80–2.00 — could trigger short-covering + recovery attempts.
Historically, $SUI has bounced from oversold conditions when below key SMAs.
🔍 Market Structure & Indicators
• Broad markets + altcoins have been under pressure, and SUI’s weekly performance mirrors that trend.�
• Technical indicators (EMA/SMA) from previous studies show bearish momentum when price trades below moving averages.
• Volatility remains elevated — short squeezes or range breaks are possible.
Coinbase
🧠 Short Trade Strategy (Example)
Bias: Bearish until price breaks above key overhead resistance
Entry: If SUI breaks and closes below short-term support ($1.45)
Targets:
• 1st target — $1.30
• 2nd target — $1.10 / psychological zone
Stop-loss: Above recent swing high ($1.90)
(Adjust based on your risk tolerance / time frame)
Why this works: The market has shown weaker weekly structure, and sellers dominate until clear bullish reversal signs appear.
