Technical Analysis Breakdown 📊💧💧💧

​Moving Averages: The price is currently fighting to stay above the MA(7) ($0.9304) and MA(25) ($0.9305). These two have converged, which often precedes a "squeeze" or a significant move in either direction.
​The "Purple" Wall: The MA(99) (purple line) sits significantly higher at $1.3255. This is the major long-term resistance. Until the price breaks this, the macro trend remains bearish.
​Volume: Volume has been relatively flat, suggesting that while the selling pressure has dried up, there isn't quite enough "buying conviction" yet to launch a massive rally.
​Probable Price Targets
​1. Bullish Targets (If Support Holds)
​If SUI can maintain its position above $0.93, the next targets are:
​Target 1: $1.10 - $1.15: This is the immediate psychological resistance and the most recent "swing high" seen on the right side of your chart.
​Target 2: $1.32 (Major Resistance): This aligns with the MA(99). A move here would represent a ~35% gain from current prices, but expect heavy selling pressure at this level.
​2. Bearish Targets (If Support Fails)
​If the price drops below the $0.93 cluster:
​Target 1: $0.85: Minor support zone.
​Target 2: $0.55: This is the local low shown on your chart. If $0.85 fails, a retest of the absolute floor is likely.$SUI ‌#SuiFuturesAnalyze