🌀 $SUI Rebounds From 99 MA — Dead Cat Bounce or Start of a
CryptoPotato
Updated at: 13 hours ago
{"content":"🌀 $SUI Rebounds From 99 MA — Dead Cat Bounce or Start of a Comeback?
Current Price: $3.0596
Daily Change: +4.75%
Today’s High: $3.0765
📊 Moving Averages:
7 MA (Yellow): $3.1878 → Immediate short-term resistance.
25 MA (Purple): $3.5786 → Mid-term structure remains bearish.
99 MA (Blue): $2.9013 → Currently acting as a dynamic support level — key bounce zone.
🔍 Technical Picture:
✅ Short-Term Rebound Confirmed:
After a sharp pullback from above $4.30 to sub-$3, SUI tagged the 99-day MA and bounced.
First green daily candle after nearly 10 red ones — signaling potential relief rally.
Holding above $3.00 is critical to prevent panic sell-offs.
⚔️ Resistance to Watch:
$3.20 (7 MA): short-term line in the sand.
$3.50–3.60 (25 MA): heavy resistance zone where sellers could reload.
Only a daily close above $3.80 would flip the mid-term structure bullish again.
❌ Breakdown Risk:
Losing the $2.90 support from the 99 MA could trigger a fast drop to $2.60–$2.40 range.
Lower highs still dominate; trend is not yet reversed.
🧠 Strategy Insight:
This is a reactionary bounce, not a trend reversal… yet.
Risk-managed scalps OK, but long-term bulls need a lot more confirmation before celebrating.
DYOR – Do Your Own Research.
This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/06/78b9f484ad2e4d17a9c8e7889c4fb1a6.png"],"tags":[],"tradingPairs":["SUI/USDT"],"quotearticleid":0}