💡 Quick technical analysis:
✅ Strong selling pressure! The currency has dropped to around 3.05 after a continuous decline, but it is currently hovering around a critical support area.
✅ Indicators are at the bottom! The Relative Strength Index (RSI) is only at 18, indicating entry into an oversold area – usually a potential bounce opportunity.
✅ MACD in the negative zone, but the difference between the lines has started to narrow... An initial signal for a potential upcoming positive crossover!
$SUI
🚀 Expected scenario:
If SUI can hold above 3.05 and a confirmation candle appears, we may witness a quick bounce towards 3.20 then 3.32.
However, if the support is broken, we might see a test of lower levels around 2.90.
But the optimal time to buy is now, in my opinion, the price is cheap.
$SUI
🔥 Is SUI preparing for a surprise?!
With increasing trading volume and a decline in negative momentum, a bounce is very likely. Monitoring it now could be a golden opportunity for those looking for a low-risk entry! 💥