-Analysts say that SUI prices may be corrected be
fore targeting higher levels.After the recent upward peak, #SUI price may be corrected to the recent 1.90-2.30. The key support at 1.60 is important to maintain the uptrend.
targets are probably 3.55, 4 - 4.90 and possibly 6-6.62 if the support remains.
SUi price has shown upward movement and is currently trading at 3.37. Analysts say that SUI may find support for the next bullish upside zone at 1.90-. We expect a pullback to the 2.30 zone. The daily chart is bullish, showing a golden cross formation, where the short-term moving average exceeds the long-term moving average. This technical pattern, judging from the recent price fluctuations, indicates a further continuation of the trend to higher highs.
However, in recent sessions, smaller candles may pull back on the upside, as the SUI approaches the resistance level of 3.10-3 to 3.35. According to analysts, traders should pay attention to the consolidation around this level, which usually means a temporary halt in the upward price movement. If the price retreats, the 2.60 moving average may be the nearest support, which can be used as an entry point.
With the Money Flow Index (MFI) currently at 72.06, the SUI is currently in overbought territory, and buying pressure is likely to subside in the short term and cause a small pullback.
Pstrade2 Market Analyst believes that after the rally, the Sui will return to the liquidity zone of 1.90-2.30, which could be a support level for buyers.
So, the SUI price has reached all its targets and more.
ow, according to TA norms, the #SUIUSDT price should correct and “test” the liquidity zone of 1.90-2.30. From there, the pair can continue to rise and retest the ATH.
According to Pstrade2, a successful test of this zone will help to confirm the strengthening of the uptrend and create a strong support for further bullish trends. Analysts also point to 11.
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