Sui has recovered the last recovery of upward feelings, but its momentum is now being done on the test. After the reversal of the main support levels, the price faces a strong resistance that can determine the next main step. The bulls try to push this barrier, but the lack of constant purchase pressure made the penetration uncertain.
Market indicators reveal the tension of the rope between buyers and sellers, with bears that aim to gain the maximum and lead to a reflection. If Bulls can build enough momentum, Sui can overcome this obstacle, which puts the way for the continuation of the gathering. However, if the resistance proves very strong, the rejection can be forced with an alternative to lowering the support areas.
Can sui keep its momentum?
SUI currently faces a decisive resistance level, and its ability to maintain the upper movement will determine its next step. The bulls were able to pay the price towards the $ 2.365 sign, but the main test lies in whether the purchase pressure is strong enough to break the previous resistance.
Although the SUI price remains less than SMA for 100 days, signs of potential transformation in momentum appear. MACD is about to bullish intersection, indicating that the purchase pressure may be constructive. When the intersection is confirmed, it may indicate the promotion of the bullish direction, which increases the chances of breaking Sui through the main resistance levels.
If the bulls are able to successfully pay the price above the decisive resistance level of $ 2.365, it may indicate a strong outbreak and open the door for more bullish direction. It is possible that a decisive step after this level, with the support of increasing the purchase interest, is possibly to the next resistance area at $ 2.8217.
However, the continuous size and additional upward assurances will be it is very important for the assembly to gain traction. If the momentum is weakening, it may struggle to keep it upward, which leads to another re -test of low support levels.
Risks of rejection: Can the bears regain control?
The resistance areas often increase fluctuations where the battle of bulls and bears for control. As buyers fail to maintain strength, SUI may struggle to adhere to its recent gains, which rejects prices towards the main support areas.
The first main support is to watch near the level of $ 1.5997, as buyers may intervene to prevent losses. A decline at the bottom of this level may open the door to a deeper correction towards the $ 1.422 psychological support, a decisive area that was previously working as a price of the price.
In the event of condensation of pressure, SUI can test a lower support near 1.1689 dollars, indicating a stronger declining shift. The bulls must defend these levels to maintain the broader upward trend or risk a long standard of unification before another attempt to recover.
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