KEY POINTS:
- SUI/USDT previously formed a consolidation pattern with structured higher lows.
- This setup led to a strong breakout rally, resulting in a 118% price increase.
- The current price action is showing a very similar consolidation and breakout structure.
- A projected move could mirror the previous breakout, targeting a similar 118% gain.
- Key...
Resistance Tap at $86K:
Price tapped the descending trendline and horizontal resistance near ~$86k, which has historically acted as a strong supply zone
Correction Target Around $81K:
Yellow arrow suggests a potential pullback to retest prior breakout support at ~$81,553. This aligns with horizontal structure and previous demand.
Bearish Continuation Risk:...
Current Price: around 1.956 USDT (bouncing slightly as of now).
Support Zone:
First Support: 1.821 USDT
Stronger Demand Zone (highlighted in the blue box): 1.6215 to ~1.84 USDT
Price might test this zone if the downward momentum continues.
Could serve as a potential buy zone or accumulation area.
- Watch for a breakout from the channel with strong volume for...
