SUI/USDT Analysis: Breakout Imminent? 📈

​The SUI/USDT pair is currently testing a major reversal zone on the 1H timeframe. After a sharp correction, the technicals are flashing recovery signals.

​Technical Breakdown:

​Pattern: Price is breaking out of a Descending Channel, signaling a shift from bearish to bullish sentiment.

​Support: Strong buyer interest confirmed at the $1.45 - $1.50 support area.

​Indicator: A clear Bullish RSI Divergence suggests that selling exhaustion has kicked in.

​Moving Average: Resistance remains at the 100 MA; a flip here validates a long-term recovery.

​Price Targets:

​TP 1: 1.5278

​TP 2: 1.5601

​TP 3: 1.6050

​Risk Management: Monitor the 1.45 level closely. A break below this invalidates the current bullish setup.

​📌 Note: Not financial advice. Trade at your own risk. Past performance is not indicative of future results.

​#SUI #CryptoAnalysis #TradingStrateg #Web3 #TechnicalAnalysis