$SUI /USDT Market Update: Early Signs of Strength After a Deep Pullback
SUI is showing a promising shift in momentum on the 1-hour chart after a prolonged downtrend. Following a sharp decline toward the 1.3039 support level, the market has begun forming a steady recovery with improving structure and rising buyer interest.
📌 Key Price Levels
Current Price: 1.3783
24h High: 1.3948
24h Low: 1.3039
24h Volume: Strong buying activity reflected in SUI and USDT volume
📈 Technical Overview
The chart reflects an important transition:
1. Strong Rebound From Support
SUI found solid footing at 1.3039, where multiple candles show rejection, indicating buyers are defending this zone aggressively.
2. Moving Averages Turning Supportive
MA(7): 1.3602
MA(25): 1.3448
MA(99): 1.4605
The short-term MAs (7 & 25) are curling upward, suggesting momentum is shifting in favor of the bulls. While MA(99) is still above price — signaling a broader downtrend — the intraday structure is strengthening.
3. Increasing Volume
A noticeable rise in volume accompanies this move, confirming that the bounce is supported by real participation instead of weak corrective movement.
4. Higher Lows Forming
Recent candles show a series of higher lows, a classic early reversal signal. If this structure continues, SUI could build a stronger base for a bigger breakout attempt.
🧭 Market Sentiment
The order book shows a near-balanced spread, with a slight tilt toward sellers, but buyers are actively stepping in at key intraday zones. Sentiment is shifting from panic selling to cautious accumulation.
