SUI/USDT ANALYSIS

Currently, the SUI token is experiencing significant hype and inflows, especially with the rise of meme coins built on the SUI network, which have seen explosive growth and generated huge returns for investors. The token has recently surged 40%, but a correction is expected on the daily timeframe.

We observe a strong support zone at $1.10 and the token is likely to retest this zone. Key levels to watch for the upcoming move include $1.29 and $1.1031. Additionally, the Relative Strength Index (RSI) is indicating strong overbought conditions, supporting the possibility of a correction. There is also a fair value gap (FVG) at $1.29 and the price could pull back to close this gap.

In summary, the token has attracted significant liquidity due to the momentum surrounding the SUI network and in the long term, the outlook remains positive with potential for growth and upward movement. However, on the daily timeframe, it is essential to consider potential challenges and corrections to better position.