Price Analysis – June 19
The SUI/USDT crypto price forecast shows bulls trying to hold the line at $2.9170, while sellers are pushing the price down with a 0.19% drop today. It’s a bit of a struggle, but buyers might step in to stop the fall. On the daily chart, SUI had a big rise earlier this year, peaking around $4.3303, but it’s been sliding since
SUI/USDT Key Levels
Support Levels: $2.9170, $1.9770
Resistance Levels: $3.766p, $4.330
SUI/USDT Long-Term Trend: Bearish (Daily Chart)
It’s now near $2.9170, which is acting like a safety net where buyers are stepping in. If that breaks, the next stop could be $1.9770. If buyers fight back, they’ll hit a roadblock at $3.7660, with a bigger one at $4.3300 key area. The sellers have been in control lately, dropping the price with red candles, and it’s down 0.97% daily as of June 18. But the bulls are showing up around $2.9170, buying to keep it from falling more. This level has held before, so it might draw more buyers. Bigger traders might be selling off the highs, while smaller investors are eyeing the dip. The Stochastic Oscillator is at 13.71–11.49, which is low, suggesting buyers could get active if it starts rising soon.
Right now, it’s a tug-of-war. The bulls are guarding $2.9170, stopping sellers from dropping it further, but the price closed at $2.8060 on June 18 with a small dip. The sellers had a strong run after the peak, but they’re slowing down near this support, and buyers are stepping in to catch the fall. Traders might be waiting to see if the price bounces back, maybe hoping for good news or just thinking it’s cheap now. If the bulls push past $3.7660, more people might join, aiming for $4.330p. But if $2.9170 gives way, sellers could drag it down to $1.9770 key zone.
SUI/USDT Short-Term Trend: Bearish (4-Hour Chart)
On the 4-hour chart, the price is slipping from around $3.1669 toward $2.9170. The bulls tried to hold at $3.1669, but sellers took over, pushing it down with red candles. It’s now close to that $2.9170 support.
The sellers are winning short-term, but the bulls are gathering at $2.9170, buying dips to stop the drop. The Stochastic Oscillator jumped to 33.02–34.11 recently, showing some buying interest, which could mean a small bounce soon.
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