$SUI IS NOT BEARISH YET
Current Price: $1.9386
Percentage Decrease: -7.08%
Despite the short-term decline, SUI's overall trend remains bullish.
Key Levels:
- Support: $1.70 (critical level)
- Resistance: $2.10 (breakout target)
- All-Time High (ATH): Waiting to be established
Technical Outlook:
- Uptrend intact until $1.70 support holds
- Correction phase: -7.08% pullback from recent highs
- Potential reversal zone: $1.70-$1.80
- Market sentiment remains positive
Strategy:
- Long-term investors: Hold or accumulate on dips above $1.70
- Short-term traders: Scale in above $2.00, targeting $2.10 and new ATH
- Stop-loss: Below $1.70
Bullish Scenarios:
- Break above $2.10: Potential new ATH
- Hold above $1.70: Resumption of uptrend
Bearish Scenarios:
- Break below $1.70: Trend reversal
- Failure to reclaim $2.00: Weakening momentum
Monitor SUI's price action for:
- Reclaiming $2.00
- Breaking $2.10
- Holding $1.70 support
