Altcoin Spotlight (SUI Structure)
Capital rotation is keeping the altcoin market alive, but selectiveness is key right now. I am looking closely at $SUI today as it navigates a prolonged bearish structure after failing to clear heavy micro resistance between $0.75 and $0.85.
Fundamental pressures—including recent network unlocks and technical halts—have left the bears in control for the short term. If the immediate support at $0.65 breaks, we might see it establish a deeper foundation toward $0.49 before finding a macro bottom. To reverse this trend, buyers need to step in heavily and reclaim the psychological $1.00 level.
Are you shorting this continuation, or is this becoming a long-term DCA accumulation zone for you? Let me know! 📉🔍