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$SUI at Critical Demand Zone – Bearish Structure, Bullish Long-Term Fundamentals
📉Market Structure:
SUI remains in a clear downtrend structure with consecutive lower highs and lower lows. The recent breakdown below the 1.20–1.15 range confirmed bearish continuation, and price is now consolidating near the psychological $1.00 demand zone—a potential short-term relief bounce area but still under macro bearish control.
🔑Key Levels:
Support: $1.00 – $0.98 (major demand & liquidation zone)
Secondary Support: $0.90 – $0.85 (if panic sell continues)
Resistance: $1.16 – $1.20 (previous breakdown level)
Major Resistance: $1.40 – $1.62 (trend invalidation zone)
📊Volume Analysis:
Volume spiked during the sell-off, indicating distribution and forced liquidations, not organic profit-taking. Recent candles show declining volume, suggesting selling pressure is slowing, which may lead to a short-term bounce—but not a trend reversal unless volume flips bullish.
👀Bias:
Short-Term: Bearish to Neutral (wait for confirmation at $1.00 zone)
Mid/Long-Term: Bullish (strong institutional adoption, DeepBook v3, enterprise partnerships)
📌Trader’s Note:
This is a high-risk accumulation zone for long-term investors, but trend traders should wait for structure flip above $1.20. Catching falling knives without confirmation is gambling, not trading.
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