SUI/USDT is currently trading near 1.46 USDT, sitting at a very important technical level. The recent price action shows strong selling pressure after a failed attempt to sustain higher levels. At this stage, the market is not driven by excitement but by caution, making this zone extremely critical for both buyers and sellers.
This is not a moment for emotional trading — it is a moment for patience and confirmation.
Price Action Overview
On the 1-hour chart, SUI clearly shows:
A previous rally toward the 1.65 – 1.70 area
Strong rejection from the top
Formation of lower highs, indicating weakness
A sharp bearish breakdown candle
Current consolidation near key support
These signals collectively confirm a short-term bearish structure.
Trend Structure Analysis
Short-term trend: Bearish
Market structure: Lower Highs & Lower Lows
Momentum: Sellers remain in control
Until the structure changes, counter-trend buying carries higher risk.
Key Support and Resistance Levels
Immediate Support
1.45 – 1.46 USDT
This is the level currently being tested. Buyers are trying to defend it.
Next Support Zone
1.38 – 1.40 USDT
A clean breakdown below current support could lead price toward this area.
Immediate Resistance
1.52 – 1.55 USDT
Any short-term bounce may face selling pressure here.
Major Resistance
1.60 – 1.65 USDT
A trend reversal would require a strong break and hold above this zone.
Volume Behavior
High volume appeared during the bearish breakdown
Current volume is decreasing during consolidation
This suggests selling pressure has slowed, but buyers are still weak
Low-volume consolidation often precedes a strong directional move.
Market Psychology
At this phase:
Short-term traders have mostly exited
New buyers are hesitant
Smart money is waiting for confirmation
This explains the slow, sideways price action near support.
Is a Bounce Possible?
Yes, but only under specific conditions:
Price must hold above 1.45 USDT
A strong close above 1.52 USDT is needed
Volume must increase with bullish candles
Without these conditions, any upward move is likely a temporary relief bounce, not a full reversal.
Risk Factors to Consider
Overall crypto market sentiment remains fragile
Bitcoin volatility can pressure altcoins
Low liquidity can cause sharp moves in both directions
Risk management is crucial in this environment.
Final Verdict
SUI/USDT is currently in a make-or-break zone. The 1.45 USDT support will determine the next major direction. As of now, there is no confirmed bullish reversal signal on the chart.
Best approach:
Wait for confirmation, protect capital, and avoid emotional or over-leveraged trades.
#sui $SUI