$SUI is currently trading around $0.9217, sitting exactly at a critical support confluence (0.9200–0.9250) after rejecting from the 0.98 – 0.99 major resistance zone.
The structure clearly shows a descending channel with lower highs and lower lows, confirming short-term bearish control. Price is also trading below all key EMAs and below VWAP, which indicates sellers are dominating this session.
📊 Current Market Structure
Trend: Bearish correction / consolidation
Price below short & mid EMAs → Bearish stacking
VWAP acting as dynamic resistance around 0.9350 (Volume Weighted Average Price)
Volume profile shows thin liquidity below 0.9200 → potential fast move if breakdown happens
This means the market is compressing at support, and expansion is likely soon.
🔴 Bearish Continuation Scenario (Higher Probability – ~55–60%)
If price breaks and closes below 0.9200 with volume, we could see acceleration toward:
➡️ 0.9100 (previous swing support)
➡️ 0.9000 (psychological level)
➡️ 0.8800 - 0.8900 (major demand zone)
As long as price remains below 0.9350 (VWAP + EMA cluster), sellers remain in control.
Invalidation of bearish setup: Strong reclaim and hold above 0.9350.
🟢 Bullish Reversal Scenario (~30–35%)
For buyers to take control, two confirmations are required:
✅ Strong defense of 0.9200
✅ Reclaim of 0.9350 with volume
If that happens, upside targets become:
➡️ 0.9450 (EMA cluster resistance)
➡️ 0.9600–0.9650 (immediate resistance zone)
➡️ 0.9800 (major structural resistance)
Without reclaiming VWAP, any bounce remains a pullback, not a full reversal.
⚡ Key Levels to Watch Today
$0.9200 Line in the sand
$0.9350 Major decision zone (VWAP + EMAs)
$0.9000 Psychological support
$0.8800 demand zone
Market is at a critical inflection point.
Below 0.9200 = Momentum expansion to the downside.
Above 0.9350 = Reversal attempt building.
Patience is key here. Let the level break or reclaim then follow momentum with proper risk management.
