SUI Price Rally: Bull Flag or Reversal
Despite recent price increases, SUI is showing signals that a trend reversal may be imminent, with the live price currently at $2.51. Analysts have observed that the price movement of SUI is forming a bull flag. However, they caution that a breakout below this pattern could trigger a sharp correction. Experts warn that if SUI fails to hold its current support levels, a steep price decline could follow, urging traders to proceed with caution.
Technical indicators, such as the Relative Strength Index (RSI) and moving averages, are starting to show signs of increased selling pressure, suggesting the bullish momentum may be weakening. While SUI has experienced impressive growth, analysts question whether such a rise can be sustained given the bearish signals and overall market volatility.