Wait until you see how $SUI ‌ is holding this level while everything else is shaky.

It looks like we finally found some solid footing around that 0.78 area after a pretty brutal drop from the highs. Right now it’s sitting at 0.9601 and trying to decide its next move. It has been ranging sideways for a bit which usually means a big move is cooking.
The immediate hurdle is getting back above that 1.18 resistance zone. If it can clear that, it might actually start looking healthy again. The volume is okay but not explosive yet. Looking at the order book, the buyers are slightly in control at 55%, so people are definitely nibbling at these prices.
I’m playing this cautiously. If we lose 0.89 on a daily close, it’s probably going back down to test the lows. But if it holds here, we might be looking at the start of a nice recovery.

#CryptoMarketBouncesBack