šØ Weekly Candle SUI Observed Bullish ā Is This an Early Reversal Signal? šØ
After several weeks of SUI movement being dominated by selling pressure, this week it finally recorded a quite bullish weekly candle that has attracted the attention of many market participants.
ā From a technical perspective, the weekly SUI candle successfully closed with a solid positive body. This indicates a consistent buying pressure beginning ā especially after the price was previously held in a significant demand area.
ā The short-term structure is also beginning to show the formation of higher lows and the potential movement towards resistance in the previously open area, especially if the volume can sustain and market sentiment remains supportive.
ā Narratively, SUI as part of the modular ecosystem and Layer-1 is gaining attention again. Some developers are becoming active again, and the potential integration of new use cases in the DeFi sector could be a medium-term catalyst.
However, it is important to remember: temporary euphoria can be dangerous. The crypto market is very dynamic and rapidly changing. A bullish candle is not a guarantee of a long-term reversal. Therefore, discipline in reading follow-up signals, as well as risk management, is something that must be maintained.
Notes: Always Do Your Own Research. This is Not Promotion & Not Financial Advice.
Anyway Here I include my Outlook for Sui Version ā”ļø40340064860
