🚨$SUI The Last Chance Before the Start of the Altcoin Season🚀
Current Price: About $3.65.
- An M pattern is forming, which is usually a bearish signal.
- In case of a drop, the price may reach the green box (buy area), which has historically been a launch point for strong bounces.
- Momentum is still present, but the current consolidation may be an opportunity to re-enter before the next move.
🟩 What does "My Green Zones Have Returned" mean?
- It means that the price has returned to a support or buy area that the analyst considers statistically safe.
- These areas are often a local bottom, where buyers enter heavily.
- "Refilling the Bags" means buying again in preparation for the upcoming rise.
🚀 Are We on the Brink of Altseason?
Yes, and there are strong signals for it:
- Bitcoin dominance has dropped below 60%
- The Altcoin Season Index has risen to levels above 50, indicating the beginning of liquidity shifting to altcoins.
- Increased institutional interest in coins like Ethereum, Solana, and SUI.
- The potential for a 1% or more interest rate cut from the Fed, which could inject massive liquidity into the market.
🔔 What to Watch For?
- Strong close on the 4-hour chart above resistance levels.
- M Pattern: If completed, it may provide an excellent buying opportunity at support.
- Bitcoin movements: Any decline in its dominance supports altcoins.
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