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SUI is down 7.39% today at $0.7643, after touching a 24h low of $0.7566. The price is trading below EMA5 ($0.7667), EMA10 ($0.7700), and EMA30 ($0.7854) – so the short-term trend is definitely bearish. But here’s what’s catching my eye: MACD is showing DIF (-0.0112) just below DEA (-0.0110), with the histogram almost flat at -0.0001. That tells me the selling momentum is starting to stall. Volume is also elevated at 1.46M, above the 10-period average of 1.14M – which means sellers are still active, but the lack of further downside could signal exhaustion.
If SUI can hold above $0.7566, I’m expecting a relief bounce toward $0.78 and $0.80. But if it breaks below $0.7566, this setup is invalid and the next support is around $0.74.
Trading Plan:
· Entry: $0.760 – $0.765
· Stop Loss: $0.748
· TP1: $0.780
· TP2: $0.795
· TP3: $0.810
👇 Do you think SUI will bounce from here or continue its slide? Drop your thoughts below!#AppleSeptemberEvent #GateLaunchesTrenchesWith0GasFee