⚖️ SUI/USDT: Battle at the Moving Averages! Who Wins?
The SUI chart is a perfect picture of a market struggle right now! We've bounced hard from the recent lows, and the price at $2.0970 is sitting right on top of the 7-period Moving Average. This is a crucial technical spot!
But look closer: the bid/ask Order Book is almost 50/50 (45.56% Bid vs. 54.44% Ask), indicating high indecision. Plus, the price is still below those heavy 25 and 99 MAs, which are acting like magnets pulling it down.
Are the recent gains sustainable, or is this a dead cat bounce before the long-term averages pull it lower? Only time, and volume, will tell. Trade smart!
SUIUSDT
Perp
2.1621
-0.09%
#SUICrypto #TechnicalAnalysis #CryptoNews #TA #MovingAverage
