SUI-USDT Analysis: Watching Key Support at $1.75

Hello Traders,

The price of SUI-USDT has been locked in a consistent downtrend, marked by a series of lower highs and lower lows. However, the asset is now testing a critical support level that could determine whether we see a relief bounce or a continuation of the decline.

Key Highlights:

• Price is approaching $1.75, a major support zone with confluence from the Value Area Low (VAL), HTF support, and a possible Swing Failure Pattern (SFP).
• If this level holds, there’s potential for a relief rally up to $2.78 over the coming days.
• A break below $1.75 opens the door to a deeper pullback toward $0.57, the next significant support.

SUI is currently sitting at support, and while it’s possible to see short-term candle closes above this region, confirmation is still needed before any strong bullish bias can be adopted. This is a level where patience and discipline will pay off — entering prematurely could result in getting trapped in a deeper leg down.

Overall, the market structure remains bearish. Unless the pattern of lower highs and lower lows is broken, momentum will continue to favor the downside. Holding $1.75 is crucial for any chance at a rotation higher.