$SUI
🌊 SUI/USDT Analysis: Holding the Line?
Based on the 4H chart, Sui (SUI) is navigating a consolidation phase after a recent correction. The price is currently hovering near a critical support zone as it attempts to stabilize.
📊 Technical Snapshot
* Current Price: 1.4339.
* RSI (6): Currently at 41.9, showing bearish momentum but nearing an area where buyers often step in.
* Moving Averages: SUI is trading below its EMA(7) (1.4403), EMA(25) (1.4642), and EMA(99) (1.5800), indicating a strong downward trend in the short-to-medium term.
💡 Trade Strategy
* Immediate Support: 1.3695 – This is the line in the sand. A break below this could lead to further downside.
* Key Resistance: 1.4642 (EMA 25). Reclaiming this level is essential for a bullish reversal attempt.
* Trend: The 4H candles show a sequence of "lower highs". Watch for a volume spike and a cross above the 1.44 mark for a potential "relief rally" entry.
> Market Update: Despite the price dip, SUI's ecosystem continues to grow, recently reporting a $500 million rise in stablecoin assets.
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What's your strategy for SUI? 📉 Selling the breakdown or 🛒 buying the dip at support?
#SUI #SuiNetwork #CryptoAnalysis #BinanceSquare #Layer1
Would you like me to check the 1-hour chart for a more precise entry/exit setup?
