$SUI Down 83% Despite Big News. Bottom or Trap?
SUI is near $0.91, down about 27% in 30 days. Sui keeps landing partners, including tokenized gold, AI tools and a record 40.6M TPS test, but price isn't reacting.
Support: $0.90, then $0.80
Resistance: $0.93, then $1.03
Bull: breaks the falling wedge and reclaims $1.03, then $1.13 and $1.21.
Base: ranges between $0.90 and $0.96.
Bear: loses $0.90 and falls toward $0.80.
TRADE IDEA
Entry: $0.895-$0.915
Stop: daily close below $0.87
Target: $1.03
Risk/reward: about 3.5:1
RISKS
• Token unlock on Nov 1
• Only about 41% of supply is circulating
• Stablecoin liquidity on Sui is falling
• Good news hasn't moved the price
MY TAKE
Strong ecosystem, weak chart. Buy the support with a tight stop, don't chase. Patience beats FOMO.
Would you buy the dip or stay out?
Not financial advice. DYOR.
