$SUI
SUI/FDUSD Chart Analysis: Bullish Reversal Potential
Current Market Situation
Despite a sharp decline to $2.2796, the 30-minute SUI/FDUSD chart indicates a potential bullish reversal. The current consolidation suggests a bottoming pattern, signaling gathering upward momentum.
Key Indicators
- Support Base: The recent low acts as a strong support base.
- Resistance Level: A break above the $2.4423 resistance could lead to a significant move.
- *Volume and Candlestick Patterns*: Increased volume and bullish candlestick patterns would confirm the upward trend.
*Potential Outcome*
A successful break above the $2.4423 resistance could trigger a substantial bullish run, potentially leading to a retest of the $2.6087 rejection point .#SUİ #bullish #TetherUS