#SUIUSDT Analysis
$SUI is currently trading around $1.02, struggling with a -24% weekly decline. While the network's fundamentals remain strong (new margin product demos on DeepBook just went live today!), the price action is trapped in a descending triangle that has traders on high alert.
š Technical Snapshot
Current Price: ~$1.02
Trend: Bearish. SUI is down nearly 40% over the last 30 days.
The "Must-Hold" Support: $1.00 - $1.03. A break below $1.00 could trigger a liquidity flush toward the $0.85 zone.
Indicators: RSI is sitting at 28 (Oversold). Historically, SUI has seen sharp "V-shaped" relief rallies when the RSI dips below 30.
Network Health: Total Value Locked (TVL) is holding steady despite the price drop, suggesting that users are staying in the ecosystem even if speculators are exiting.
š Long Entry: $1.03 ā $1.08
Target: $1.25 (Immediate resistance)
Stop Loss: $0.97
