$SUI is currently experiencing a corrective phase, reflecting continued bearish pressure. The price is trading below key moving averages—including the 7-day, 30-day, 50-day, and 200-day—highlighting sustained weakness. A break below the main pivot point, combined with the loss of critical Fibonacci retracement levels, reinforces the prevailing downtrend. Momentum indicators signal continued selling pressure: RSI remains in oversold territory, indicating potential short-term relief bounces, while the MACD continues to favor bearish control.
Over the past 24 hours, $SUI has shown increased volatility and net outflows, with minor upward moves occurring on low volume, suggesting limited buying strength. Key support zones are located at $0.970 and $0.965–$0.968, while downside risk extends toward $0.960–$0.962. On the upside, near-term resistance levels are at $0.980–$0.985 and $0.995–$1.00, which must be reclaimed to signal a potential trend reversal.
Although oversold conditions may allow for short-term relief rallies, the broader trend remains bearish until major resistance levels are reclaimed with volume confirmation. Traders should monitor volume closely on any reversal attempt. DYOR and manage risk prudently.
#TrumpCanadaTariffsOverturned #MarketRebound #TradeCryptosOnX
$SUI
Over the past 24 hours, $SUI has shown increased volatility and net outflows, with minor upward moves occurring on low volume, suggesting limited buying strength. Key support zones are located at $0.970 and $0.965–$0.968, while downside risk extends toward $0.960–$0.962. On the upside, near-term resistance levels are at $0.980–$0.985 and $0.995–$1.00, which must be reclaimed to signal a potential trend reversal.
Although oversold conditions may allow for short-term relief rallies, the broader trend remains bearish until major resistance levels are reclaimed with volume confirmation. Traders should monitor volume closely on any reversal attempt. DYOR and manage risk prudently.
#TrumpCanadaTariffsOverturned #MarketRebound #TradeCryptosOnX
$SUI