#SUİ /USDT Current Technical Analysis

Upward momentum continues in the SUI/USDT pair. It should not be overlooked that the price is currently in the oversold region. The critical target level is being monitored at $4.93.

Should this resistance point be broken with strong volume and momentum, the previous all-time high (ATH) of $5.36 could be tested. Following this, the upper band of the wedge formation on the daily chart, approximately between $8.20 and $12.5, stands as a potential target.

On the downside, the $3.82 level is a significant support point. If this level is lost, the next support levels are $3.12 and an intermediate support at $2.79. The main support level is notably at $1.68.

Caution! A break below $3.12 could deepen the downward pressure, potentially bringing the $0.90 and $0.74 levels into play.

In summary: Price movements above $4.93 should be closely monitored. On the downside, the $3.82 and especially the $3.12 support levels are of critical importance.

Important Note: This analysis is strictly not investment advice. Cryptocurrency markets involve high risk. Make your investment decisions based on your own research and evaluation.

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