SUIUSDT SPOT
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SUI/USDT Is a Trend Reversal on the Horizon?

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1D CHART of SUI on USDT market pair. indicates a potential trend reversal following a prolonged downtrend within a descending parallel channel. The price has consistently formed lower highs and lower lows, indicating strong bearish momentum. However, a recent breakout from the channel suggests a possible shift towards bullish price action.

A critical support zone around $2.00 has shown significance, as buyers have stepped in to defend this level, preventing further declines.

This breakout signals a potential trend change, with the price now targeting key resistance levels at $2.9357, $3.5131, and $4.2060. In an extended bullish scenario, the price could reach as high as $4.7538.
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Retesting support zone after breakout
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Target 1 hit for SUIUSDT
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Target 2 hit for SUIUSDT +60% currently profited
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Target 3 hit for SUIUSDT

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