💡 Quick technical analysis:
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The SUI price is currently experiencing a decline of -6.49% to $3.5070 after reaching a peak of $3.8750. This decline shows a corrective move after a sharp upward wave, indicating a natural correction or a strong accumulation period.
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The Relative Strength Index (RSI) is at 40.23, which is close to oversold levels, meaning there is still room for upward rebound.
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The MACD indicator shows a negative crossover, which may indicate additional selling pressure, but with caution.
🚀 Expected scenario:
If SUI manages to stay above the support level at $3.46, it may see a near-term upward rebound. However, if it breaks this support, we may see a larger decline towards $3.10. But if it returns above the $3.75 level, it may witness a new surge towards the previous peak.
🔥 Is SUI ready to explode?
With a decline of 6.49%, this may be an opportunity for accumulation before returning to previous peaks! Are you ready to take advantage of this correction? 🌊
📢 Share your opinion! Do you expect SUI to rise above $3.75? 🚀👇
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📊 Technical pattern analysis – Are we witnessing the formation of an explosive pattern?!
🔍 Potential technical pattern:
✅ Is a "rising trend" pattern forming? It seems that SUI may form an ascending channel, with fluctuating movements between support and resistance, which could pave the way for an upward breakout if resistance at $3.75 is broken.
✅ Strong support at $3.46, a critical level to watch closely. Any decline below this level may indicate a deeper correction towards $3.10.
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🚨 Supportive signals from indicators:
RSI slightly low → there is a possibility of a rebound, indicating support for further rise.
MACD is close to a negative crossover → a signal that may indicate further decline if the current trend continues.
Trading volumes show a slight decline → indicating limited movement so far, which are opportunities for more accumulation.
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🎯 Expectations for the next movement:
If SUI can stay above support, we can expect a gradual upward movement towards higher levels. However, if it fails to do so, we may see a retreat to deeper support levels.
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💬 My personal opinion:
SUI is currently in a strong correction phase, with some pressure from indicators like MACD, but RSI gives us a signal of a possible rebound. The best strategy in this case is to monitor the support level at $3.46 and follow the upcoming movement.
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✅ Final advice:
Use a stop loss at $3.40 to reduce risk if the price breaks support levels.
Real-time tracking over the next two days is very important.
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📢 Do you think SUI will rise again? Or are we facing a long correction? Share your predictions!