$SUI at the crossroads — Will it rise to 4.20 or crash to 3.00? 🔥📉
📉 Current situation:
- Price: $3.78 with a daily decrease of –4.92%
- RSI = 27.85 → Oversold
- MACD = –1.76 → Clear downward momentum
- Price is below the Bollinger middle band (MB = $3.97) and approaching the lower band (DN = $3.75)
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📊 Will it break the resistance or crash?
🔹 Positive scenario (breakout):
- If the price closes firmly above $3.82, it may target $4.20 then $4.55
- A breakout at $4.55 could open the way to $7.00 then $8.00 according to the cup and handle pattern
🔹 Negative scenario (crash):
- If the price breaks the support at $3.59, it may head towards $3.32 then $3.00
- Continued selling pressure could push it to $2.50 according to Changelly's forecasts
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📌 Summary:
SUI is in a critical area now.
- If it holds at $3.75 – $3.82 and a bullish candle appears, there is a chance for a breakout towards $4.20
- On the other hand, if it breaks $3.59, the likelihood of a crash towards $3.00 becomes probable
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