In the past few hours, SUI/USDT has shown fluctuating performance, reflecting broader market dynamics. The coin attempted to break above resistance levels, but it has encountered difficulties sustaining gains, experiencing a price dip by about 2-5% depending on the trading timeframe. Current support levels appear to hold near the $1.10 mark, with some technical analysts noting that if SUI can maintain support above $1.15, it might see a bullish trend.
Indicators on TradingView are mixed, with oscillators remaining mostly neutral, yet some caution is suggested as there is a minor bearish signal on the hourly RSI, hinting at possible consolidation or pullback. This setup implies short-term traders may find opportunities in these brief retracements, while medium-term investors might wait for a confirmed breakout above $1.15 to consider re-entering.
SUI's recent volatility shows its sensitivity to both technical factors and overall crypto market trends. Its trajectory largely depends on whether it can hold current support levels amid larger market moves.
