💎 SUI/USDT Spot Analysis: Opportunity at Major Support!
Market Overview: $SUI is currently testing a critical horizontal support level around $1.30 – $1.35. After a healthy correction from its recent highs, the price is showing signs of stabilization and accumulation.
Spot Buying Strategy:
Accumulation Zone: $1.30 – $1.38 (Current Market Price)
Target 1 (Conservative): $1.86 (Previous Resistance)
Target 2 (Mid-term): $2.20 (Major Recovery Goal)
Target 3 (Growth): $3.16 (2026 Milestone)
Stop Loss: $1.20 (Close below this on the Daily Chart)
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Technical Insights:
Bullish Divergence: The daily RSI is showing a bullish divergence, suggesting that the selling pressure is exhausting and a trend reversal is imminent.
Oversold Conditions: $SUI is currently trading near the lower Bollinger Band, a zone historically known for strong bounces in spot markets.
Institutional Interest: Despite the dip, SUI’s Total Value Locked (TVL) remains robust, indicating long-term confidence from major holders.
Pro Tip for Followers: Since this is a Spot Trade, patience is key. Accumulate in parts (DCA) and hold for the recovery. Unlike Futures, time is on your side here!