💡 Quick Technical Analysis:
✅ Strong bounce from support at $3.15!
The price touched a critical support area and then began to consolidate, indicating potential buying interest from this area.
✅ RSI at only 30.5!
The currency is approaching oversold areas – this is often considered a strong entry opportunity for those looking for a potential price bounce.
✅ MACD in a negative area but momentum is slowing down!
There is a beginning of a decline in negative momentum, which may pave the way for a positive crossover soon if the price continues to consolidate.
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🚀 Expected Scenario:
If the price rises and breaks the $3.25 area, we may see a retest of the $3.39 levels, and then $3.52 as a medium-term target.
If the support at $3.15 is broken, the next support area stands near $3.00.
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📊 Potential Technical Pattern – "Bounce from an Ascending Bottom?"
Repeated bounces from nearby levels may form a solid base for an upcoming rise, especially with declining selling momentum.
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🚨 Supporting signals from indicators:
RSI at low levels → there is a high likelihood of a near-term bounce.
MACD is approaching a bullish crossover → pay attention to momentum movement over the coming hours.
Trading volumes started to rise with the beginning of price consolidation → this may indicate new liquidity entering.
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💬 My Personal Opinion:
SUI is undergoing a natural correction phase after a significant upward wave. With the price reaching a strong support area and indicators nearing a reversal, the greater likelihood is an upward bounce in the near term.
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✅ Final Advice:
Proposed stop loss: below $3.10 to protect capital.
Follow news and technical updates, as they may significantly affect the upcoming movement.
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📢 Do you think SUI will break the barrier and surge again? Or is another drop coming? Share your opinion with us!