The SUI/USDT 1-hour chart you shared paints a clear picture of increasing bearish momentum in the market. SUI is currently trading around 1.3975 USDT, recording a sharp -4.99% decline over the last 24 hours. This drop places SUI at a very important technical zone where the next move could define short-term direction.
🔍 Current Price Action Overview
SUI has been moving in a well-defined downtrend, characterized by lower highs and lower lows. Earlier, the price attempted to hold above the 1.55 – 1.60 region, but strong selling pressure quickly pushed it lower.
A major breakdown occurred near the 1.50 support, which acted as a key demand zone in previous sessions. Once this level failed, sellers took full control, accelerating the decline toward the 1.40 area, where price is currently hovering.
The recent candles near the bottom show smaller bodies, suggesting that selling momentum is slowing, though buyers have not yet shown strong confidence.
📊 Volume Analysis & Market Sentiment
Volume spikes are clearly visible during strong red candles, confirming panic selling and forced liquidations. This usually indicates that weak hands are exiting the market rapidly.
As price approaches the current support zone, volume begins to stabilize, which can often signal:
Temporary selling exhaustion
Possible short-term consolidation
Preparation for a relief bounce
However, without a clear increase in buying volume, the downside risk still remains.
🧱 Key Support and Resistance Levels
✅ Support Zones:
1.40 – 1.38 → Immediate and psychological support
1.35 → Strong historical support if current level breaks
❌ Resistance Zones:
1.45 – 1.48 → First recovery resistance
1.50 – 1.52 → Major resistance and trend-shift zone
A sustained move above 1.50 with strong volume would be the first sign of a potential trend reversal.
📉 Trend Structure & Market Psychology
From a technical perspective, SUI remains under bearish control. Every short-term bounce has been met with selling pressure, indicating a lack of buyer confidence.
Market psychology at this stage reflects fear and uncertainty, especially among short-term traders. Historically, such conditions often attract smart money accumulation, but this typically happens quietly and over time — not through sudden spikes.
🔮 Possible Scenarios Ahead
1️⃣ Sideways Consolidation
SUI may trade within 1.38 – 1.45 as the market decides its next direction.
2️⃣ Bearish Continuation
A clean break below 1.38 could push the price toward 1.35 or even lower.
3️⃣ Short-Term Relief Bounce
If buyers step in near support with volume, a bounce toward 1.45 – 1.50 is possible.
🧠 Final Thoughts
SUI is currently sitting at a critical decision-making zone. While the short-term trend is clearly bearish, slowing momentum near support suggests the market may soon attempt a pause or bounce. Still, catching bottoms without confirmation remains risky.
For long-term investors, these levels may represent gradual accumulation zones, while short-term traders should wait for clear confirmation, volume support, and structure change before entering positions.
⚠️ Always use proper risk management, as altcoins like SUI can experience sharp and sudden volatility.
