$SUI $SUI The $SUI /USDT pair has been consolidating in a downward trend recently. The current price is at $1.8265, down 6.72% from the 24-hour high of $1.9800. The 24-hour trading volume is 66.18M SUI and 125.12M USDT.

Support and Resistance:

Resistance: The immediate resistance level is at $1.9128, followed by the 24-hour high of $1.9800.

Support: The immediate support level is at $1.7892, followed by the 24-hour low of $1.7696.

Entry Signal:

A potential entry signal could be a break above the immediate resistance level of $1.9128. This would confirm a bullish reversal and could lead to further price appreciation.

Additional Considerations:

The Moving Averages (MA) are all below the current price, indicating a bearish trend.

The Relative Strength Index (RSI) is currently below 50, indicating oversold conditions. This could lead to a potential rebound in the price.#BinanceBlockchainWeek #USJoblessClaimsDip #BTC67KRebound #CryptoPreUSElection #Write2Earn!