SUI/USDT โ 1D Technical Analysis ๐
$SUI is currently trading around $1.0145 and is sitting at a critical decision zone on the daily timeframe.
The overall structure of $SUI is forming a Descending Triangle, with a clear descending resistance trendline from the ~$2.00 area and horizontal support around $0.995โ$1.00.
Key Levels:
๐ด Resistance: $1.0337โ$1.0440
๐ด Major resistance: $1.0733
๐ก Current price: ~$1.0145
๐ข Key support: $0.9957
๐ข Major lower support: $0.8434
Bullish scenario:
A strong daily close above the descending trendline and $1.0440 could open the way toward $1.0733 and potentially higher levels.
Bearish scenario:
If $SUI loses $0.9957 with a confirmed daily close below support, the triangle could break downward, with $0.8434 becoming an important lower support area.
For now, $0.9957โ$1.0440 is the key battle zone. I would wait for confirmation rather than treating an intraday wick as a confirmed breakout/breakdown.
Technical analysis only โ not financial advice. DYOR.
#SUฤฐ #crypto #SUIAnalysis
$SUI is currently trading around $1.0145 and is sitting at a critical decision zone on the daily timeframe.
The overall structure of $SUI is forming a Descending Triangle, with a clear descending resistance trendline from the ~$2.00 area and horizontal support around $0.995โ$1.00.
Key Levels:
๐ด Resistance: $1.0337โ$1.0440
๐ด Major resistance: $1.0733
๐ก Current price: ~$1.0145
๐ข Key support: $0.9957
๐ข Major lower support: $0.8434
Bullish scenario:
A strong daily close above the descending trendline and $1.0440 could open the way toward $1.0733 and potentially higher levels.
Bearish scenario:
If $SUI loses $0.9957 with a confirmed daily close below support, the triangle could break downward, with $0.8434 becoming an important lower support area.
For now, $0.9957โ$1.0440 is the key battle zone. I would wait for confirmation rather than treating an intraday wick as a confirmed breakout/breakdown.
Technical analysis only โ not financial advice. DYOR.
#SUฤฐ #crypto #SUIAnalysis
