🔥 Is this the "last defense" before the explosion? $SUI under the microscope!
📉 After repeated failures to regain resistance at 3.32–4.30, SUI is sliding towards a very critical demand area between 1.93 – 2.40.
📍 This area was a major resistance in early 2024… and today, it could be the last support wall before the next big move.
🔎 Quick technical analysis:
🔹 The yellow area = potential reversal area
🔹 Initial price rejection indicates strong buying interest
🔹 But momentum is still fragile… until 3.32 is regained with a weekly close
🟢 Bullish scenario:
If the price holds above 1.93 and a strong weekly close above 2.40 is confirmed, buyers may begin to take control and we head towards:
➡️ 3.32 — mid-structure resistance
➡️ 4.30 — previous consolidation limit
➡️ 5.25 – 5.36 — full explosion target
A return of the price above 3.32 will change the market structure from distribution to strong accumulation.
🔴 Bearish scenario:
If the price breaks and closes below 1.93, the structure will turn completely bearish, opening the way to:
⬇️ 1.20
⬇️ 0.80 –0.55 (previous liquidity base)
Breaking this area means losing strategic support, which could lead to a rapid collapse.
💥 Any rebound from here could ignite an upward wave… as for breaking support? A deeper correction is coming.
📡 Follow all the latest updates: #CryptoEmad
#SUIAnalysis #AltcoinsWatch #CryptoMomentum #BinanceInsights