$SUI /USDT Bearish Trend Intensifies – Key Levels in Focus #SUI is trading at $4.7116, down -6.74%, after falling from a 24-hour high of $5.1717 to a low of $4.6600. The RSI at 31.09 suggests nearing oversold conditions, while the MACD remains bearish, signaling continued selling pressure.
Key Levels to Watch:
Resistance: $4.8500 – A recovery above this level could target $5.0000 and $5.1500.
Support: $4.6600 – Losing this level may push the price to test $4.5000 or lower.
Trade Setup:
Long Entry: Above $4.7500, targeting $4.8500 and $5.0000.
Short Entry: Below $4.6600, targeting $4.5000 and $4.3500.
Stop-Loss: $4.7000 for longs or $4.6900 for shorts.
Market Insight:
SUI remains under strong selling pressure as bearish momentum dominates. Oversold RSI levels may spark a relief rally, but traders should watch for confirmation before entering positions. A decisive move at $4.6600 will likely determine the next trend direction.