SUI approaches important support — new entry opportunity?
SUI had a significant recovery from $1.71, reaching close to $3.90, and is now starting to correct, trading around $3.79 with a slight daily drop of -1.98%.
Analyzing the 3D chart:
The EMA(7) is at $3.62, very close to the current price, which may indicate a key zone of dynamic support.
The EMA(25) and EMA(99) are also pointing upwards, supporting a possible continuation of the upward trend.
The RSI(6) is at 69.56, close to overbought — which reinforces the importance of this current correction to cool down the indicator and prepare the ground for a new upward leg.
High volume in the last green bars shows capital inflow during the recovery — now the price is testing a strategic pullback zone.
Areas of interest:
Immediate support: $3.62 (EMA7) and the region between $3.40–$3.50
Resistance: $3.90 and then the psychological level at $4.00
My personal view:
SUI delivered a strong appreciation and may now be offering a technical entry opportunity for those who missed the initial movement. I am attentive to the behavior in the next candles near the EMA(7). If it holds with a strong candle, it could be a great entry zone with a short stop and a target at new highs.
And you, are you keeping an eye on SUI or waiting for a deeper correction?
