🔥 SUI (Sui Network) Technical Analysis Update 🔥
💰 Current Price: $1.40
📊 Timeframe: 1 Day
📉 Market Trend:
SUI is currently trading in a downtrend, but price action is showing stabilization near a strong support zone, indicating potential accumulation and a possible short-term reversal.
📌 Key Technical Indicators:
🔹 RSI (14): ~41
• Near oversold territory
• Selling pressure is weakening
• Bounce probability increasing
🔹 Moving Averages:
• MA(7): $1.41
• MA(30): $1.51
• MA(200): $2.82
➡️ Price is hovering near short-term MA levels
➡️ A breakout could trigger fast momentum
🔹 MACD:
📈 Histogram turning positive
• Bearish momentum losing strength
• Bullish crossover formation in progress
📍 Key Levels:
🟢 Strong Support: $1.30 – $1.35
🔴 Major Resistance: $1.50 – $1.60
🚀 Possible Price Scenario:
If SUI breaks above $1.45 – $1.50 with strong volume:
• Short-term target: $1.65 – $1.80
• Recovery move likely in the coming sessions
⚠️ Risk Disclaimer:
A daily close below $1.30 may open further downside pressure.
📣 Community Insight:
SUI remains a high-potential Layer-1 blockchain, and the current price range may act as an accumulation zone for long-term participants.
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