$SUI Takes a Hit, Down -7.75%! 🚨

Current price sits at $3.5175, with a daily high of $3.8443 and a low of $3.4229. The selling pressure is real, but the bounce at $3.42 shows signs of potential recovery.

Key Observations:

• Support Zone: $3.42 is a critical level that’s holding well after the sharp drop.

• Resistance Zone: $3.59 aligns with the MA(7), and breaking this could shift momentum.

• Moving Averages:

• MA(7): $3.5903 – Acting as immediate resistance.

• MA(25): $3.7046 – A tougher resistance ahead.

• MA(99): $3.7356 – Long-term stability still shaky.

Market Sentiment:

• A sharp sell-off pushed SUI to the $3.42 support. However, the bounce could indicate buyer re-entry.

• Watch volume closely for clues on whether bulls will regain control or bears will continue the pressure.

What’s Next?

• A break above $3.59 could target $3.70+.

• Failure to hold $3.42 might trigger a deeper correction toward $3.30.

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