Business Investor
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Prepare for a 30% drop of SUI. Check this out or brace for the fall!
On 07/31, $SUI lost the support of $3.68, activating a deeper correction scenario, projecting a decline of up to 30%, with a direct target in the region of approximately $2.57, where there is strong liquidity accumulation.
Possible correction scenario for SUI with Elliott waves
After breaking the support, the first drop brought the price down to $3.59. Then, there was a temporary recovery that pushed SUI up to $4.18, configuring only a retest below the broken channel. Selling pressure returned to dominate, and the asset formed a new low at $3.31, before making another upward correction, reaching $3.87, a region that coincides with the 0.5 Fibonacci retracement of the corrective wave.
Possible correction scenario for SUI with Elliott waves
After breaking the support, the first drop brought the price down to $3.59. Then, there was a temporary recovery that pushed SUI up to $4.18, configuring only a retest below the broken channel. Selling pressure returned to dominate, and the asset formed a new low at $3.31, before making another upward correction, reaching $3.87, a region that coincides with the 0.5 Fibonacci retracement of the corrective wave.
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