Summary
• SUIUSDT declined by 6.7% over 24 hours, breaking below key support at 1.62.
• High volatility and sharp retracements suggest bearish momentum and oversold conditions.
• A potential short-term rebound may emerge near 1.535–1.543, aligning with 50-period 5-minute MA.
Sui/Tether (SUIUSDT) opened at 1.6265 on 2025-12-10 at 12:00 ET, peaked at 1.7173, and closed at 1.5451 by 12:00 ET on 2025-12-11. Total volume reached 56.2 million
, while turnover was approximately $87.4 million over 24 hours.
Structure & Formations
Price has fallen through key Fibonacci levels, with 1.62 appearing as an initial support that failed. A bearish engulfing pattern emerged near 1.6839, followed by a deep retracement.
A potential reversal could test the 1.535–1.543 zone, which contains both 50-period 5-minute MA and prior lows.
Moving Averages
Short-term 20-period and 50-period 5-minute MAs suggest continued bearish bias, while the daily 50-period MA is approaching 1.56–1.57, a potential near-term pivot. The 200-period MA remains above current levels, signaling a longer-term bearish bias.
MACD & RSI
The RSI dipped below 30, indicating oversold conditions, but a bearish divergence remains in place. The MACD has been in negative territory, reflecting weak momentum and lack of bullish conviction.
Bollinger Bands
Volatility has expanded significantly, with price breaking below the lower band. A potential bounce back toward the 1.543–1.545 mid-band level could follow, although this remains speculative.
Volume & Turnover
Volume increased during the sell-off, especially between 20:00 and 21:00 ET, suggesting liquidation. Turnover aligned with price declines, confirming the bearish move. A divergence in volume during the recent bounce should be monitored closely.
Fibonacci Retracements
The 61.8% retracement level on the 5-minute chart sits near 1.543–1.546, which could act as a short-term magnet for price. On the daily chart, the 38.2% level is near 1.59, a potential short-term resistance should a reversal occur.
SUIUSDT may test the 1.535–1.545 support zone over the next 24 hours, but a breakdown below that could target 1.52. Investors should monitor volume and divergence signs for potential reversals or further downside.
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