$SUI Hey Binance Square Family!
Welcome back to another analysis by TradeCity Pro, where we dive deep into the charts and price behavior of hot crypto assets. Today, we’re breaking down the recent moves in SUI/USDT, a project that once stole the spotlight but has now entered a cooler, more stable phase.
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🔥 From Pump to Pause
SUI made waves in 2024 with a powerful bullish run, climbing all the way to $5.2689. But as is often the case in crypto, what goes up fast, corrects just as fast. After peaking, SUI entered a clear corrective phase that signaled the end of the initial hype cycle.
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🕵️♂️ Technical Breakdown – Daily Time Frame
Initial Support Flip: The breakout above $1.8392 launched the second wave up to the all-time high.
RSI Divergence: A strong bearish RSI divergence accompanied the top, later confirmed by an RSI drop below 50—marking the beginning of the downtrend.
Trendline Break: The uptrend was broken after rejection at $5.2689, with the key breakdown zone triggered at $4.0866, followed by the support break at $3.6402.
New Bearish Structure: A descending trendline has since formed, confirming ongoing selling pressure.
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⚠️ Key Support Zone: $1.6462 – $1.8392
This range has shown strong buyer interest, acting as a major defensive line for SUI. Multiple rejections from this zone indicate potential accumulation.
Bullish Reversal?
To shift bullish, breaking the descending trendline is critical.
$2.7830 is the main resistance and trendline trigger for long-term bulls.
$2.2495 could offer an earlier bullish entry if the market forms a higher low.
A push above RSI 50 may also suggest renewed upward momentum.
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🛍️ Spot Trading Considerations
For reactive traders, price action near support and lower-timeframe breakouts can offer high-risk, high-reward opportunities. Confirmation is key—don’t rush.
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📊 Volume Insights
Volume analysis confirms bearish strength during corrections. However, recent strong bullish candles with increasing volume hint at a possible shift in sentiment.
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📉 Bearish Continuation?
If SUI breaks below $1.6462, expect a new leg downward as the bearish trend strengthens.
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✍️ Final Thoughts
SUI is transitioning from hype to structure. Whether this leads to a fresh bullish phase or deeper correction, the next moves around current support and trendline resistance will be decisive.
Stay sharp and always trade with proper risk management!
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