$SUI /USDT: Downward Pressure as Price Tests Support Levels
SUI/USDT is trading at $3.16, reflecting a 4.08% decline over the last 24 hours. The price has dropped near key support, with bearish sentiment dominating amid substantial trading volumes.
Key Data Points:
24h High: $3.4853
24h Low: $3.1460
24h Volume (SUI): 84.87M
24h Volume (USDT): $283.79M
Trade Strategy:
Long Position: Enter above $3.2000, targeting $3.3000 and $3.4000. Set a stop loss at $3.1000.
Short Position: Enter below $3.1400, aiming for $3.0500 and $3.0000. Set a stop loss at $3.2000.
Market Outlook:
SUI/USDT faces immediate resistance near $3.2000. A break above this level could indicate recovery toward $3.3000. Conversely, if the price fails to hold above $3.1400, it could signal further downside, targeting the $3.0000 psychological level. Traders should monitor momentum indicators and volume spikes for clarity on the next move.