#SUI🔥
Sui SUI Action:
Weekly trend shows that the price is consolidating in preparation for a major move,
The Sui Sui weekly chart shows the price closing in a limited range, indicating a possible major price change,
After the price decline and consolidation in recent days, key support levels are holding strong, indicating a possible trend change,
The Sui SUI has formed a balanced triangle pattern that usually appears before a major price move,
The price recently crossed the lower line of the triangle, which was initially considered a bearish sign, but according to experts, it was likely a “bull trap”, i.e. a bullish return after a temporary decline,
If the SUI returns to the triangle with strength, it will prove to be a bearish move error and the price will likely increase, with a target set at $3.50 or higher,
In addition, the SUI is forming a “falling wedge” pattern Which is a bullish sign,
Despite a price decline of about 37% since May, it is consolidating in the $2.70 to $3.00 support zone, where there is usually a buying trend. If this support fails, the next major target will be $2.00,
On the 1-hour chart, the price is consolidating around $2.85 and is above the 5, 10, and 20-hour moving averages, indicating strength and support,
Sui SUI has gained a price from $0.60 to over $4.00 in less than a year, which is almost a seven-fold increase, which indicates the growing interest and dynamics in the token,
The volume of DeFi aggregators has increased by 19% in the last 30 days, exceeding $45 billion, and signs of a bullish market are becoming clear,
Keeping a firm hold on the current support zone The prospects for a positive change in SUI are bright after, especially if the bulls enter the market strongly and break through the $2.90 resistance,
