$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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