Sui (SUI) at the critical mark of $4: technical warnings contradict bullish fundamentals
SUI is facing difficulties below the resistance level of $4 amid bearish RSI divergence and short-term weakness.
Strong network fundamentals boost SUI, with a recent TVL increase of 70% to $2.06 billion.
User growth is increasing by 35%, signaling accelerated adoption and potential price rallies ahead.
Sui (SUI), an emerging altcoin, is currently at a critical price point that could determine its near future. Trading around $3.88 at the time of publication after a previous decline of 3.05%, SUI is struggling against a significant resistance level of $4. This places the altcoin at a crossroads, with technical indicators and fundamental metrics painting a mixed picture.
Trader_XO signals a warning, pointing to bearish technical indicators for SUI.
Trader_XO, a well-known analyst, remains cautious in the short term. He emphasizes that SUI faced strong rejection at the resistance level of $4.24, dropping to $3.68. Bearish divergence on the RSI shows that upward momentum is fading. If SUI cannot confidently reclaim the $4 level, a deeper correction is expected. Key support levels to watch are $2.83 and $1.83.
Furthermore, the price structure suggests short-term weakness. Trader_XO believes that if SUI cannot close above $3.92–$4.00, t...
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