$SUI Analyze SUI/USDT: Strong correction testing the key demand zone


$SUI is currently trading around 1.2350 USDT, down by -3.90%, showing a continued correction after recent volatility in altcoins.
Market structure
The price has shifted from an attempt at a bullish rebound to a short-term corrective phase. Buyers are now trying to defend the 1.20–1.23 region, which acts as a short-term demand zone.
Key levels
Resistance: 1.28 – 1.32
Support: 1.20 – 1.15
If SUI regains the 1.28 level with supporting volume, a rebound toward 1.32 and higher levels could develop. However, a break below 1.15 could extend downward pressure toward deeper support zones.
Indicators
The RSI has cooled to a neutral-bearish territory, reflecting weakening momentum.
The MACD has turned negative during the correction, confirming short-term selling pressure.
The EMA structure is flattening, indicating a loss of bullish trend strength for now.
Market interpretation
Volume increased during the drop, suggesting active profit-taking rather than panic selling. The current structure remains corrective, with buyers needing confirmation at the support level.
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SUI-1.93%
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