$SUI /USDT Trading Signal – Bearish Consolidation with Potential Reversal
Current Price: $4.9227
24h Price Change: -3.51%
Market Overview
$SUI/USDT is showing a bearish trend, with the price consolidating near the $4.90 support level. The pair has retraced from its 24h high of $5.1094, suggesting selling pressure at higher levels. A critical support test at $4.90 could determine the next direction.
Key Levels to Watch
Resistance Levels: $4.95, $5.00, $5.05
Support Levels: $4.90, $4.85
Trading Strategy
Entry Range: $4.91 - $4.93
Targets:
Target 1: $4.95
Target 2: $5.00
Target 3: $5.05
Stop Loss: $4.85
Technical Insights
Trend: Bearish consolidation, with potential for a reversal at key support.
Volume: Decreasing, indicating reduced momentum in the sell-off.
Potential Market Behavior
If $SUI holds above $4.90, we could see a bounce toward $5.00 and beyond. However, a break below $4.90 may lead to further downside, targeting $4.85 and possibly lower.
Monitor closely for signs of a reversal or breakdown.
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