$SUI $SUI The $SUI /USDT pair is currently trading at $1.9978, up 1.55% in the past 24 hours. The cryptocurrency has been consolidating in a downward channel for the past few days, with a recent break below the 24-hour low of $1.9160. This suggests that the bears are in control and that the price could continue to decline in the near future.

Support and Resistance Levels

Support: $1.5983 (24-hour low), $1.5715

Resistance: $2.1329 (24-hour high), $2.1597

Entry Signal

A short position can be considered at the current price of $1.9978 with a stop-loss at $2.1329 and a take-profit target at $1.5983.

Additional Considerations

The Moving Averages (MAs) are all trending downwards, which is bearish for the price.

The 24-hour volume is also decreasing, which suggests that there is less buying interest in the market.

However, it is important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. Therefore, it is important to use stop-loss orders to protect your investment#CryptoAMA #16thBTCWhitePaperAnniv #29thBNBBurn #NovCryptoOutlook #Wtite2Earn