#SUI
Here is the latest technical analysis for currency $SUI
General Trend
SUI is trading around $3.50 after a correction from $4.44, forming a strong support base between $3.35 - $3.30. The current movement is sideways with hints of stabilization, suggesting a re-accumulation before the next step.
Key Levels
- Support: 3.35 (major), 3.25 (secondary), 3.00 (critical).
- Resistance: 3.65 (near), 3.85 - 3.90 (medium), 4.44 (previous peak).
Technical Analysis Signals
- A break of the downward channel is possible if 3.35 is held.
- RSI is moving towards 50 on the 4-hour chart, indicating a new balance.
- Recent candles show a decline in selling volume, suggesting the exhaustion of downward pressure.
What Supports the Rise?
- Entry of Swiss Bank (AMINA) to support SUI.
- Funding of $450 million for the network.
- Increase in Total Value Locked (TVL) to $2.2 billion.
Forecast
The bullish trend is likely if support at $3.35 is maintained, with targets at $3.85 then $4.44.
A drop becomes risky only if 3.30 is broken with high volume, targeting $3.00.
The current scenario favors gradual rise with market improvement.
Stay tuned for more...
