The short-term trend of SUI is concerning! Bearish pattern emerging, support in jeopardy!
From the 1-hour chart, SUI has been declining after reaching a high of 2.05, with a significant downtrend. Although it attempted to rebound near 2.02, it was unable to gain momentum and continued to decline. The short-term moving averages consistently suppress the price, forming a typical bearish trend, and market sentiment is notably bearish.
In this pattern, bears remain dominant, and further downside risk should be monitored in the short term! Keep an eye on BoShi, grasp the market pulse, and calmly respond to opportunities that may arise at any time!
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