#AltcoinBreakout Short-term technical outlook
A positive intraday trend is observed, with the price oscillating between US$3.93 and US$4.24, suggesting a range with potential spikes.
Key support remains stable at US$3.75–3.86 and resistance around US$4.05–4.10.
Short-term indicators still show technical signals, opening the possibility for a slight rise during the day.
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🗓️ Daily trends and indicators
SUI maintains an uptrend by trading above the 50-day moving average, with positive divergence in the stochastic after being oversold.
If support at US$3.7470 holds, it could drive a rally towards resistance at US$4.2967.
General sentiment: greed, with the “Fear & Greed” index at high levels (73–74), and most technical signals leaning upwards.
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🔍 Market news today
Record TVL of US$2.219B in SUI during July, although bearish signals are also emerging in the short term.
We are in the midst of “altseason,” with Ethereum leading and SUI among the key players in this bullish momentum.
It stands out among altcoins with the best potential for a rally in this market phase.
