$SUI moves in a downtrend channel with higher highs and lower lows.
The recent sharp decline pushed the price into the main demand zone between $1.50 and $1.65, where a reaction can be observed. The market is likely to seek a corrective rebound, which is common after a steep downward move. Important magnetic levels to watch are: • $2.1 • $2.8 • $3.2 The overall trend remains bearish, but the local structure favors a recovery. As long as the $1.7 zone holds, $SUI has room to rise toward the higher liquidity zone where the market will decide the next direction. #GateAIOfficiallyLaunches #JusticeDepartmentSellsBitcoin
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$SUI moves in a downtrend channel with higher highs and lower lows.
The recent sharp decline pushed the price into the main demand zone between $1.50 and $1.65, where a reaction can be observed.
The market is likely to seek a corrective rebound, which is common after a steep downward move.
Important magnetic levels to watch are:
• $2.1
• $2.8
• $3.2
The overall trend remains bearish, but the local structure favors a recovery.
As long as the $1.7 zone holds, $SUI has room to rise toward the higher liquidity zone where the market will decide the next direction.
#GateAIOfficiallyLaunches #JusticeDepartmentSellsBitcoin