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💡 Quick technical analysis:
✅ Clear bullish strength!
After a strong rebound from $2.05, SUI recorded a peak at $3.8750, indicating noticeable buying momentum.
✅ RSI balanced at 49.20
This means the market is not in a state of buying saturation, and there is still room for an upcoming rise!
✅ MACD approaching a positive crossover!
Although the MACD is currently below zero (-0.0359), the gap between the lines is gradually decreasing, which could indicate an impending bullish momentum!
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📊 Technical pattern analysis – are we facing a bullish breakout pattern?
🔍 Is a "bullish flag" pattern forming?
The price is currently moving sideways after a sharp rise, which closely resembles a bullish flag pattern – typically a signal for a pause before launching again.
✅ Psychological resistance near $3.87
If this barrier is broken, we may see a strong jump towards $4.20 and then $4.50!
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🚨 Supporting signals from indicators:
RSI close to 50 → no saturation, allowing room for buying.
MACD is narrowing the gap between the lines → potential positive crossover!
Low trading volumes with stability → could be an accumulation phase before a price explosion.
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🎯 Upcoming movement forecasts:
Breaking the $3.87 level will open the way towards $4.20, and possibly $4.50 in the near term.
However, if the price rejects at this resistance, we may see a retest of support at $3.15 - $3.25.
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💬 My personal opinion:
SUI is in a clear "accumulation" phase, and all indicators suggest that a strong movement is coming. It is best to monitor price behavior at $3.87. If it breaks with a strong close, the upward journey begins!
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✅ Final advice:
Use a stop loss below $3.15 to avoid any sudden negative pullback.
Monitor the volumes moment by moment – they are what move the market!
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📢 Do you expect SUI to reach $5.00 during the next week? Or is the market preparing for a new trick? Share your opinion with me!
