#SUI #CryptoAnalysis #BinanceSquare #Altcoins ๐ SUI/USDT Market Update | Binance Square
SUI saw a sudden and strong sell-off today, pushing the price straight down from the 1.58 resistance area to around 1.46. This move was mainly driven by high-volume selling and stop-loss liquidations.
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๐ Quick Technical Analysis
Rejection Zone: 1.58 โ 1.60
Immediate Support: 1.46 โ 1.47
Short-Term Trend: Bearish
Current Price: Consolidating near 1.48
Price is trying to stabilize near the recent low, but there are no clear signs of a strong bounce yet.
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๐ What Could Happen Next?
โ If 1.46 holds, a relief bounce toward 1.50 โ 1.52 is possible
โ If this support breaks, 1.42 could be the next target
โ ๏ธ Avoid rushing into tradesโwait for confirmation and manage risk carefully.
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โ๏ธ Conclusion
SUI is currently in a high-risk zone. Smart traders should focus on price action around key support and resistance levels and prioritize risk management.
๐ฌ What do you think?
Will we see a bounce or more downside?
๐ Share your view in the comments
