Technical analysis by TheCoinCowboy about Symbol SUI: Sell recommendation (5/30/2025)

SUI has lost support and has fallen below $3.55, and then failed to regain any ground above it repeatedly. The expectation is that it will hit the March 27 high of $2.82 and then possibly fall further.This trade is still in play...On the 15 minute or 1 hour time frame, you can see a Bearish Pennant forming. I expect another leg down soon.As predicted, the bear pennant brought SUI down another leg to $2.80, and we see a nice bounce up, but the trend is still corrective and I don't think we will see SUI go beyone $3.03 before another leg down to the $2.72 range.I'm gonna say it... I told everyone...My original post on 30 May, was, "The expectation is that it will hit the March 27 high of $2.82 and then possibly fall further.".... and we are now at $2.72.Getting very close. Hit $2.46 today. The Fib retracement from the lowest point in April low to the recent May High, shows that we are now in the "Golden Pocket".Today we hit $2.30 and that was in my predicted range.