The 1-hour chart of SUI/USDT shows that the market was previously in a strong bullish phase, but has now entered a corrective bearish phase. After a sharp move upward, the price is now cooling down a bit and traders are waiting for the next clear direction.
Market Overview
Currently, SUI/USDT is trading around 1.479. The price previously faced rejection from the 1.60–1.62 area, after which a healthy correction was observed. Overall sentiment is still cautious — sellers are strong in the short term while buyers are trying to defend important support.
Price Action Analysis
Some important things are clear from the chart:
Previously, higher highs and higher lows were formed, confirming a bullish trend.
Then a strong bearish impulse came that broke the short-term structure.
After the decline, the price went into sideways consolidation.
Now lower highs are being formed, indicating short-term bearish pressure.
This structure usually forms when the market is deciding whether the correction will continue or the trend will resume again.
Support and Resistance Levels
Immediate Support: 1.45 – 1.47 (currently holding)
Major Support: 1.40 – 1.42
Immediate Resistance: 1.50 – 1.52
Strong Resistance Zone: 1.58 – 1.62
If the price closes strongly below 1.45, further downside is possible. However, if it sustains above 1.52, buyers' strength may return.
Volume Analysis
During the bearish move, the volume was high, confirming strong selling pressure. Now, during the consolidation phase, the volume is low, indicating market indecision.
For a strong bullish recovery, bullish candles with volume are very important.
Possible Scenarios
1. Bearish Continuation:
If the support breaks, the price could go down to around 1.40.
2. Range-Bound Market:
Price can continue to move sideways between 1.45 – 1.52.
3. Bullish Bounce:
If a breakout occurs above 1.52, the short-term rally could reach 1.58 – 1.60.
Market Psychology
Currently, there is a struggle between profit booking and fresh buying. Because of this, there is a chance of sharp moves in the market when one side clearly dominates.
Conclusion
SUI/USDT is currently in a decision zone. The short-term structure looks a bit weak, but as long as the support at 1.45–1.47 holds, the chance of a bullish recovery remains alive.
As always, waiting for confirmation, proper risk management, and patience are very important. Only those traders survive in the crypto market who trade with discipline.
