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$SUI (Sui) Technical Analysis: Navigating a Sharp Correction 📉
Entry Zone: $0.9350 – $0.9450
Bullish Above: $1.0100
Target 1 (TP1): $0.9800
Target 2 (TP2): $1.0200
Target 3 (TP3): $1.0800+
Stop Loss (SL): $0.9250
$SUI is currently experiencing significant downward pressure on the 1H chart, trading at $0.9449 with a sharp daily decline of -5.62%. The price action shows a consistent series of lower highs and lower lows, having retraced heavily from a 24h high of $1.0095 to its current levels near the 24h low of $0.9404. The asset is currently testing critical local support as it attempts to find a floor amid the ongoing sell-off.
The 24h trading volume for $SUI stands at 34.54M SUI, totaling approximately $33.37M USDT. For a potential trend reversal, SUI needs to reclaim the $0.9800 level and flip it into support. Failure to hold the current $0.9400 support zone could lead to further depreciation toward lower psychological levels.
#sui #AnthropicvsOpenAIHeatsUp