๐$SUI SUI/USDT: Price Pullback of -4.22% โ A Buying Opportunity or Further Correction?
The SUI/USDT pair is trading at $4.0471, reflecting a 4.22% decline over the last 24 hours. Letโs analyze this price movement and what it could mean for traders:
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๐ฅ Key Metrics
๐ฐ Current Price: $4.0471
๐ 24h High: $4.4153 โ Resistance level tested before the pullback.
๐ป 24h Low: $4.0025 โ Immediate support holding price action.
๐ 24h Volume:
57.14M SUI traded
$239.78M USDT in liquidity
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๐ Technical Analysis
๐ Trend: Short-term bearish with a rejection at $4.41. Price is consolidating near the $4.00 support.
๐ Support Levels:
$4.00 โ Key support to hold for a potential bounce.
๐ Resistance Levels:
$4.15โ$4.20 โ Needs to be cleared for a bullish reversal.
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๐ก Trading Insights
1๏ธโฃ Short-Term Strategy:
Look for buying opportunities near $4.00โ$4.05 if support holds.
Target Zones: $4.15โ$4.20 for short-term gains.
2๏ธโฃ Risk Management:
Set stop-loss orders below $3.95 to protect against further downside.
3๏ธโฃ Long-Term Outlook:
If SUI sustains above $4.00, it could signal accumulation for a rebound toward $4.30 or higher in a bullish market.
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๐ฌ Will SUI bounce off $4.00 or dip further? Share your thoughts and trading strategies below!