SUI at Risk : Bearish Momentum with Key Levels to Watch**
#SUIđ„ #SUI.æșèœçç„ćșđ„đ„ #SUI.24ć°æ¶äș€æçç„ #BinanceSquareFamily #Write2Earn!
Hello traders! Letâs dive into SUI, which is currently showing **strong bearish momentum**. A **bearish divergence** on the **RSI indicator** suggests a potential price drop as SUI approaches a key **supply area**.
If rejected again, SUI may retest the **1.7180 demand zone**, possibly experiencing a **short-term rebound** before heading toward the **1.6 support level**. This **1.6 zone** is crucialâbreaking below could confirm a **double-top pattern**, signaling a deeper bearish move, with a target near the **1.24 level**.
However, if SUI breaks above its **All-Time High (ATH)** of **2.18** and closes above it, this would **invalidate the bearish outlook**, and a **bullish continuation** could follow. In that case, consider closing any **short positions** to avoid losses.
Conclusion :
SUI is at a pivotal moment. If bearish signals continue, expect a downward move to **1.6** or lower. But a breakout above **2.18** could reverse the trend. Keep an eye on these levels for key trading opportunities!
