#SUI# Support test after dip during the day .....

$SUI is trading at 3.6917 USDT, down 4.33% in the last 24 hours, extending its downward momentum after failing to hold above the resistance at 3.88. The price has retested the lowest point in 24 hours at 3.6514, showing weakness despite brief recovery attempts.
Market Overview ( 1 Hour Chart )
Direction: Downward slope after rejection from the resistance area 4.18.
Support levels: immediate at 3.6514, with stronger demand near 3.62.
Resistance levels: 3.75 as a short-term barrier, 3.88 as a major breakout point.
Order Book Sentiment
Buy orders: 45.56%
Sell orders: 54.44%
Selling pressure exceeds buying interest, indicating the possibility of continued decline unless demand increases.
Performance Snapshot
Daily Change: -1.57%
Weekly change: -0.03% (Neutral in the short-term direction)
Change over 30 days: -7.40%
Change over 90 days: -3.94%
Change over one year: +314.06% — the long-term uptrend remains intact despite recent volatility.
trading forecasts
Bullish scenario: Staying above 3.65 and reclaiming 3.75 may open the way to 3.88.
Bearish scenario: A drop below 3.65 could lead to a dip towards 3.62 and possibly 3.58.
Market Note: Watch for volume spikes — a sudden increase can confirm either a rebound or a deeper correction #July PPI Beats Expectations# #ETH ETFs Top $30B# #Gate Alpha Peak Trading Competition# #Gate Releases August Reserves Report#