SUI/USDT Bearish is confirmed. Keep an eye wait on the key area!

πŸ’Ž SUI has recently demonstrated notable market dynamics, breaking down from the rising wedge pattern, a bearish signal.

πŸ’Ž This indicates a potential shift towards downward movement, with a retracement back to the demand area, previously a supply zone around $1.38.

πŸ’Ž If SUI manages to bounce upon reaching the demand area, accompanied by bullish candle rejections, the price can resume its upward trajectory, probability aiming to break through the strong resistance area or reach its all-time high (ATH).

πŸ’Ž However, if SUI fails to bounce or breaks down below the demand area, it suggests continued downward momentum, potentially leading the price towards the Bullish Order Block (OB) area or even lower levels. Traders should closely monitor price action around these critical levels to assess future market direction.

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