🔥 SUI/USDT Price Analysis & Prediction 🔥
📉 Current Price: $4.3474 (-6.16%)
📈 24h High: $4.7630
📉 24h Low: $4.1900
Market Insights:
SUI is experiencing a sharp correction, down 6% today, with the price hitting a low of $4.19. The Bollinger Bands show significant downward pressure, with the price moving near the lower band at $4.3101.
Key Levels to Watch:
Support: $4.19 — Crucial for preventing further declines.
Resistance: $4.47 — Breaking this could shift sentiment bullish.
Indicators Breakdown:
Bollinger Bands: Upper Band at $4.4660, Lower Band at $4.3101 — Suggesting volatility within this range.
Volume: 87.59M SUI traded, indicating intense selling pressure.
Volume: 87.59M SUI traded, indicating intense selling pressure.
MA(5): 1,097,178.3 vs. MA(10): 1,077,854.0 — A bearish crossover confirms short-term weakness.
🔮 Prediction:
If SUI maintains above $4.19 support, a bounce towards $4.47–$4.50 is possible. A break below $4.19 could open the door to $4.00 or lower.
⚠️ Outlook: Bearish in the short term 📉, but long-term gains (+513% YoY ) show potential for recovery.