💡 Quick technical analysis:
✅ Notable rebound! After the drop to $3.27, we saw a quick return to $3.39 – indicating buying interest near critical support areas.
✅ RSI at 36 → Close to the oversold area, which means the price is in an attractive position for a bullish rebound.
✅ MACD shows a cautious negative crossover, but the difference is very small → which could quickly turn into a positive crossover if the momentum continues.
🚀 Expected scenario:
If SUI can break the level of $3.48 steadily, we may see a surge towards $3.60 then $3.75 as the next resistances.
In case of failure, the area of $3.25 - $3.20 is considered strong support that could restore market balance.
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📊 Technical pattern analysis – Are we witnessing the formation of a bullish pattern soon?
🔍 Potential technical pattern:
✅ The price is currently in a horizontal accumulation phase after a strong decline – which may form a "base pattern" that could explode upwards with any positive catalyst.
✅ Convergence between short-term moving averages (MA 5 and MA 10) → indicating a potential bullish crossover soon that could push the price higher.
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🚨 Supportive signals from indicators:
RSI is in very low areas = Selling pressure has started to weaken.
MACD is close to a positive crossover = Strong opportunity for green candles.
Relative increase in trading volumes = Smart liquidity is gradually entering.
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🎯 Expected upcoming movement:
Strong potential rise towards $3.60 then $3.75 if the resistance at $3.48 is broken steadily.
Failure to break may bring the price back to test the support at $3.25 - $3.20, but there are currently no signs of a major downward break.
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💬 My personal opinion:
SUI seems to be in a strong accumulation phase after a violent correction – and these phases often precede a sudden price explosion.
Technical indicators favor the possibility of a rebound more than the continuation of the decline.
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✅ Final advice:
Setting a stop-loss below $3.20 is essential to protect against any adverse movement.
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📢 Do you think SUI is in line for a strong upward wave? Or will the market fool us again? Share your predictions!