📉$SUI SUI/USDT: Price Pullback of -4.22% – 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. Let’s analyze this price movement and what it could mean for traders:

---

🔥 Key Metrics

💰 Current Price: $4.0471

🔝 24h High: $4.4153 – Resistance level tested before the pullback.

🔻 24h Low: $4.0025 – Immediate support holding price action.

📊 24h Volume:

57.14M SUI traded

$239.78M USDT in liquidity

---

📊 Technical Analysis

🔄 Trend: Short-term bearish with a rejection at $4.41. Price is consolidating near the $4.00 support.

📍 Support Levels:

$4.00 – Key support to hold for a potential bounce.

📍 Resistance Levels:

$4.15–$4.20 – Needs to be cleared for a bullish reversal.

---

💡 Trading Insights

1️⃣ Short-Term Strategy:

Look for buying opportunities near $4.00–$4.05 if support holds.

Target Zones: $4.15–$4.20 for short-term gains.

2️⃣ Risk Management:

Set stop-loss orders below $3.95 to protect against further downside.

3️⃣ 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.

---

💬 Will SUI bounce off $4.00 or dip further? Share your thoughts and trading strategies below!

#SUI #CryptoTrading #Binance #MarketUpdate #Layer1