Sui makes another attempt to excel the decisive resistance of $ 2.82, which is the level of challenge of the bullish momentum over and over. After a fixed climb, the price now stands at a decisive point – buyers will have enough power to pay, or will sellers intervene to defend this barrier again?
Recent price procedures indicate that positive feelings are gaining strength, while increasing trading volumes and strong support levels that are formed under them. However, previous attempts to violate $ 2.82 resulted in a withdrawal, making this level an important test of the market. A certain interruption may lead to a new crowd to higher targets, while failure to overcome this obstacle may lead to the renewal of the sale pressure.
Plans patterns and technical indicators: signs of collapse?
Sui Price Action shows promising signs of an imminent outbreak as it continues to test the critical resistance level of $ 2.82. Looking at the proximity to the graph is revealing the formation of the upward upward candles, a pattern characterized by its highest level and a fixed resistance ceiling. This structure indicates that buyers build momentum, which increases the possibility of upward outbreak.
Technical indicators support this view. The RSI (RSI) Index has risen above 50, while the MACD is a bullish intersection. In addition, the trading volume, which is a major factor often precedes the collapse step.
The price is also broken over the downward trend line, indicating a possible transformation in the market morale. This penetration indicates that the pressure pressure weakens, allowing buyers to restore control. A successful collapse of the downtown direction line usually indicates the end of the declining direction and the beginning of a potential upward movement.
If SUI exceeds the decisive resistance level of $ 2.82 with a strong trading volume, this may ignite a large rally, which pays the price about $ 3.50 and beyond. The breaking of this level indicates that buyers have gained control, nullifying the previous resistance and reviving the stage for more bullish momentum.
SUI's possible rejection and levels of decline
Although the strength of Sui Bullish Building is built, the $ 2.82 resistance remains a huge barrier, and failure to break it may lead to a move on the negative side. If buyers fail to maintain momentum, sellers may intervene, which leads to a rejection that can return the price to the main support levels.
The first decisive support lies in watching about $ 2.36, a level in which buyers previously defended for deeper declines. If the pressure pressure is intensified, SUI can drop about $ 1.59. A lower break from this level may offer the price to deeper corrections, as it works 1.42 dollars as a decisive defense zone.
