Technical analysis by GoodTarget about Symbol SUI: Sell recommendation (3/29/2025)

This 1-hour chart of SUI/USDT showcases a significant price drop, with the price currently testing a key support level around $2.275. The highlighted red zone represents a resistance area near $2.345, while the blue zone indicates a potential downside target if the bearish momentum continues. The 200-period moving average (MA) at $2.4416 suggests that the price is trading below a key dynamic resistance level. Traders should watch for potential rejection at resistance or a breakdown below support to confirm further movement.