The currency $SUI is currently trading around the level of 2.8387 with a slight decrease of -0.01%, but what stands out is the price's stability after bouncing from the low of 2.6800, and moving sideways around the level of 2.84.
So is this the calm before the breakout? Or is the correction not over yet? Let's dive into the details 👇
---
⚖️ Is buying now a smart decision?
✅ Opportunity if:
You were planning short trades within the range of 2.80–2.86.
I placed a clear stop loss below 2.78 or the more important low of 2.68.
Based on gradual bullish momentum, especially with the weak positive MACD crossover and the stochastic rising above 67.
$SUI
❌ Risk if:
You are waiting for a major breakout without strong technical signals.
Do not follow the trading volume, which remains relatively low (Vol: 35.7K).
---
📊 Supporting technical signals:
RSI (6) at 59.28, which is in a neutral area leaning upwards, but no confirmation yet.
MACD shows the beginning of a weak bullish crossover, but it needs stronger trading volume to build confidence.
KDJ reflects a slight upward movement, which supports the scenario of positive momentum in the short term.
---
📢 The final word:
SUI is trading near a pivotal area, and although the movement seems dull, there are indications of smart accumulation around 2.83–2.84.
If we see a breakout above 2.8679 with higher trading volume, the breakout towards 2.97 and possibly a retest of 3.00+ 🎯 may be close.
Do you think $SUI is about to break out? Or is a correction coming? Share your analysis in the comments 👇
