Looking at $SUI right now, the chart tells a pretty clear story. Price is sitting around $1.63, bouncing right on a key support area after the recent pullback from $1.70+.
What stands out to me:
Price is below short-term MAs, showing some pressure 📉
Buyers are still defending the $1.62–$1.60 zone, which matters a lot
Volume is cooling down → panic selling isn’t there
This doesn’t feel like a breakdown yet. It looks more like a cool-off after a strong move, where weak hands exit and stronger holders wait. If $SUI holds this support and starts reclaiming $1.66–$1.68, momentum can flip fast again.
On the flip side, losing $1.60 could invite another dip before any real recovery, so risk management is key here.
I’m personally watching, not chasing. Sometimes the best trade is patience.
What are you doing with $SUI here — holding, scalping, or waiting for confirmation? 🤔📊
