$SUI ‌ ‌#SUI

SUI/USDT Analysis - Critical Support Test at 0.7934 Dollars

Sui is testing a key trend support after a sharp rejection from 0.9540 dollars. SUI/USDT is trading at 0.7934 dollars down 4.65 percent on the day. The 24 hour range is 0.8417 dollars high and 0.7768 dollars low with volume of 13.68M SUI and turnover of 11.07M dollars. SUIUSDT Perp is at 0.7931 dollars down 4.55 percent.

The 4 hour chart shows the full cycle from August 17. The rally started at 0.6353 dollars and peaked at 0.9540 dollars on August 21 with a massive wick that shows aggressive liquidation of shorts. Since that peak, SUI has been in a descending channel, making lower highs at 0.84 and 0.83 dollars.

Support and Resistance Zones

Support Zones:
1. 0.7953 - 0.7934 Zone - Decisive Support: Price is sitting exactly on EMA30 at 0.7953 dollars. The current candle at 0.7938 dollars wicks below it. This is the last defense of the uptrend that started at 0.6353 dollars. A 4 hour close below 0.7953 dollars confirms trend break. 2. 0.7768 - 0.7800 Zone - Immediate Intraday Support: 24 hour low. If EMA30 breaks, this is the next stop. This level was the swing low on August 22 during the first correction. 3. 0.6996 - 0.7100 Zone - Deep Support: If 0.7768 dollars fails, the next major support is near 0.70 dollars which was the breakout base on August 20.
Resistance Zones:
1. 0.8023 - 0.8080 Zone - First Resistance: EMA5 at 0.8023 dollars and EMA10 at 0.8080 dollars. Price is trading below both. Reclaiming this cluster is required to stop the downtrend. This zone is now the supply for short term bounces. 2. 0.8417 - 0.8500 Zone - Strong Resistance: 24 hour high and recent lower high from August 24. This zone rejected price twice in the last two days. 3. 0.9540 Zone - Major Top: The peak with a long wick. This level will not be retested until Bitcoin stabilizes and SUI reclaims 0.84 dollars.
What to Watch
1. EMA30 Breakdown: This is the most important signal. SUI has held above EMA30 since August 20. Now price at 0.7934 dollars is below EMA30 for the first time. A close below confirms that buyers are losing control. 2. MFI at 55.02: Money Flow Index is at neutral 55.0214, down from overbought above 80 at the top. It is not oversold yet, so there is room for further downside to 40 if selling continues. 3. Performance Divergence: Today minus 1.59 percent but 7 days plus 21.48 percent and 30 days plus 11.18 percent. The weekly gain is still intact, so this is profit taking, not a long term reversal yet. However 90 days minus 19.56 percent shows SUI is still underperforming on higher timeframes. 4. Volume: 13.68M SUI volume on a minus 4.65 percent day is elevated. Selling volume increasing near EMA30 is a warning sign. 5. BTC Correlation: SUI is a high beta Layer 1. When BTC corrects, SUI drops harder. Watch BTC holding 78,000 dollars.
In summary, SUI is at a make or break level at 0.7953 dollars. Holding above 0.7953 dollars on a 4 hour closing basis keeps the 0.6353 to 0.9540 uptrend alive and targets 0.8080 and 0.8417 dollars. Losing 0.7953 dollars opens a fast move to 0.7768 dollars and then 0.70 dollars.

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