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Details: ht
In the Crypto Assets market, SUI is showing a fluctuating downward trend today, attracting the attention of investors. In the short term, the market sentiment is slightly bearish, but it has not yet reached an extremely pessimistic level.
From a technical perspective, the SUI price is currently in a downtrend channel but still maintains some resilience. Key support levels are at $3.14, $3.11, and $3.10, which will be important thresholds for the bulls to defend. The resistance levels above are set at $3.20, $3.26, and $3.30, and breaking through these levels may bring short-term rebound opportunities.
Analyzing the trends over different time periods, the 15-minute and 1-hour charts show that bearish forces are dominant, but the speed of decline is slowing. The 4-hour line presents a consolidation phase after a significant drop, while the daily and three-day lines clearly indicate a downward trend, but panic selling has yet to occur.
In the futures market, the open interest remains around 77 million USD, and the funding rate is close to zero, indicating that both bulls and bears are in a relatively balanced state for the time being, waiting for the next market development.
Based on the current market conditions, the investment strategy recommendations are as follows:
1. Spot investors may consider building small positions around $3.10, but should be wary of the risk of prices dropping below $3.00.
2. Contract traders can consider shorting when the price rebounds above $3.20, with a stop-loss set at $3.30, and be mindful of risk management.
3. Observers can wait for the price to stabilize and rise above $3.26 before considering entry, to avoid getting caught in the fluctuation range.
Overall, SUI is currently in a downtrend, but the market has not completely lost hope. Investors should remain rational and closely follow market trends, adjusting strategies as needed. In the highly volatile Crypto Assets market, risk management is always a primary consideration.