Sui Reverses As Parabolic SAR Flips Bearish

Sui Price Prediction – July 30

Sui market is showing a clear reversal of its recent uptrend after facing a strong rejection at a key resistance level. A significant technical event has occurred as the Parabolic SAR indicator has flipped from bullish to bearish, providing a strong sell signal. This suggests that the upward momentum has been exhausted and sellers are now taking control of the market.

SUI/USDT Key Levels:

Resistance levels: $4.2469, $5.4286
Support levels: $3.2137, $2.7984, $2.2974

SUI/USDT Long Term Trend- Bearish (Daily Chart)

This bearish sentiment is corroborated by the Relative Strength Index (RSI). After failing to sustain its position in the upper bullish territory, the RSI has turned down sharply and is heading towards the 50 midline, confirming a significant loss of buying pressure. An analysis of the daily chart shows that the powerful rally originating from the June lows came to an abrupt halt at the $4.2469 resistance zone. The subsequent rejection has been sharp, and the trend has now officially reversed according to the Parabolic SAR indicator, whose dots are now printing above the daily price candles.

This flip in the SAR is a crucial signal for trend-following traders, often marking the beginning of a new sustained move in the opposite direction. The price is now in a clear downtrend, with lower support levels as the next logical targets. With the trend now confirmed as bearish, the path of least resistance for SUI is to the downside.

The first major support level at $3.2137 is the most probable initial target for sellers. A break below this level could intensify selling pressure and lead to a further decline toward the next support at $2.7984. For the bullish case to be revived, buyers would need to push the price decisively back above the recent high of $4.2469 and flip the Parabolic SAR back to a buy signal.

Sui Short Term Trend-Bearish (4-Hour) Chart

The 4-hour chart provides strong confirmation of the bearish trend. The Parabolic SAR dots are positioned firmly above the price action, indicating a well-established short-term downtrend. The RSI on this timeframe is below 50 and trending lower, showing that bearish momentum is in control. While the RSI is approaching oversold territory, which could lead to a minor bounce, any such relief rally would likely be viewed as a selling opportunity by traders until the overarching trend structure changes.

Make money without lifting your fingers: Start using a world-class auto trading solution 

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.