$SUI / USDT Showing Steady Momentum After Recent Consolidation on Binance
Current Price: $4.0483
Change (24h): +0.75%
$SUI (Sui Network) on Binance is demonstrating resilience after a phase of consolidation. The 4-hour chart reflects a steady push upward, with buyers showing renewed strength.
Key Observations:
Stabilization After Volatility: After facing fluctuations around the $3.89 support zone, SUI is stabilizing and showing signs of renewed momentum.
Bullish Rebound: The price has climbed from recent lows and is making consistent higher lows, suggesting buyers are in control.
24h High: Touched $4.1870, showing that bulls attempted to break resistance and may try again.
Strong Volume: 24h trading volume stands at 64.44M SUI and 258.05M USDT, pointing to growing interest and activity.
Potential Scenarios:
Breakout Potential: If the upward momentum continues, SUI could retest the $4.20 resistance and potentially push toward new local highs.
Short-Term Resistance: Price may face resistance near $4.10ā$4.20, an area where selling pressure has previously emerged.
Retracement Possible: A short pullback may occur if the rally stalls, especially if volume weakens or broader market conditions shift.
Considerations:
Watch closely how SUI reacts around $4.10ā$4.20. A strong breakout here could confirm bullish sentiment.
Monitor volumeāan increase during upward movement will strengthen the case for continuation.
Keep broader crypto market sentiment in mind, as it may influence SUI's next moves.
Disclaimer: This is not financial advice. Cryptocurrency trading involves substantial risk. Always do your own research before investing.
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