🚨 Is the SUI coin facing an imminent correction after its strong rise? ⚠️📉
The SUI coin has recorded a notable jump, reaching $3.90 with an increase of +13.41% over the past 24 hours.
However, despite this upward momentum, technical indicators have started to warn of a potential correction!
🔍 Key reversal signals:
Testing strong resistance at $3.90 coincided with the appearance of price rejection signals.
A sudden increase in trading volume, which may indicate profit-taking.
The MACD indicator shows clear overbought conditions.
The RSI indicator is approaching exhaustion levels, which reinforces the likelihood of a pullback.
🧠 What are traders looking for now?
Eyes are on the key support areas:
First support at $3.62
The second and more important support at $3.27
Breaking these levels could push the price down towards the range of $2.92 to $2.56
🚫 Don't give in to FOMO!
The rush without technical confirmation could cost you a lot. In a volatile market like this, analysis and planning are the keys to success.
📌 Tip: Monitor price movements and wait for confirmed technical signals before making an entry or exit decision.
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