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🔹 $SUI / USDT — Sui Network
Overview:
SUI is a high-performance layer 1 blockchain designed for fast, inexpensive transactions with strong developer support.
Price: ~$1.28
Trend: Bearish correction within a larger structure
Technical Analysis:
Support: $1.26 – $1.24
Resistance: $1.30 – $1.34
RSI: Oversold zone for rebound
MACD: Bearish but slowing down
EMA: Lost short-term EMAs
Pattern: Sharp sell-off → consolidation
Trading Plan:
Entry: $1.25 – $1.27
Targets: $1.30 / $1.34
Stop-loss: $1.22
Risk-Reward Ratio: ~1:2.8
Forecast:
Short-term: Likely rebound
Long-term: Strong Layer-1 fundamentals
Sentiment: Cautiously bullish 📊
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$SUI