$SUI
SUI / USD – Daily Chart Analysis
SUI is currently trading in a strong bearish structure on the daily timeframe. Price has formed lower highs and lower lows, confirming sustained selling pressure after the sharp breakdown from the $3.00+ zone.
🔻 Market Structure
Major breakdown occurred after loss of the $2.50–$2.30 demand zone
Sellers remain in control as price continues to respect previous support as resistance
No clear trend reversal structure formed yet
📉 Current Price Action
Price is consolidating near $1.44–$1.56
This zone is acting as a temporary demand / accumulation area
Volume has decreased compared to the breakdown move → indicates selling pressure is slowing, not reversed
🧱 Key Levels
Support: $1.40 – $1.30
(Critical level – breakdown below this may open further downside)
Resistance: $1.65 – $1.80
(Price must reclaim this zone for trend shift)
Major Resistance: $2.00+
🔁 Scenarios
Bullish Case:
Strong daily close above $1.80 with volume could trigger a relief rally toward $2.00+
Bearish Case:
Loss of $1.40 may lead to continuation toward lower liquidity zones
📌 Conclusion
SUI is currently in a bearish-to-neutral phase. Aggressive longs are risky at this stage. Safer opportunities will appear only after confirmation above resistance. Patience is key.