💡 Quick technical analysis:
✅ Notable recovery! After dropping to $3.15, the price rebounded strongly to currently reach $3.41, showing clear buying interest from traders.
✅ RSI at 46.64 – we have not yet reached the overbought zone, which opens the door for further rise without significant selling pressure.
✅ MACD is close to a positive crossover! Although the blue line (DIF) is slightly above the red (DEA), this indicates potential momentum that may push the price to break the nearby resistance.
✅ Ascending bottom pattern? The price formed a bottom at $3.15 and started a series of higher bottoms – a positive sign of a forming upward trend.
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🚀 Expected scenario:
If SUI successfully breaks the nearby resistance at $3.49 (highest price in 24 hours), we may see a surge towards $3.75 then $3.90 in the coming sessions.
In the event of a pullback, levels $3.25 and $3.15 may provide solid support to be used as a rebound level.
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📊 Support signals:
Trading volume is stable with an upward tendency, which may indicate accumulation before moving.
Convergence of KD indicator lines (%K and %D) at medium levels supports the idea of a nearby breakout.
Short-term moving averages (MA5 and MA10) show positive convergence paving the way for a bullish crossover.
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💬 My personal opinion:
SUI appears to be in a strong accumulation phase after a healthy correction. The indicators show potential momentum and liquidity returning gradually. If the nearby resistance is broken, the next wave could be sharp and quick.
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✅ Final advice:
Do not enter randomly! Wait for a clear breakout signal for the resistance, and monitor RSI and MACD movements for confirmation.
Use a stop loss below $3.15 to protect capital, and be ready to ride the wave if the positive scenario materializes.
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📢 Do you think SUI will surge towards $3.90 soon? Or do we need more accumulation? Share your predictions!
