$SUI Watching Closely For A Push Towards $1.10+
SUI is showing strength again — trading around $1.0371 / $1.0207 right now, +5.11% on the day. 24H High $1.0414, Low $0.9763, trying to hold above $1.00 psychological level.
On the 1D chart, we topped at $1.2969 last month, then had a long correction down to $0.6340. Now price is basing and reclaiming moving averages. RSI(6) around 50.45 — neutral, not overbought yet, so there is still room for continuation.
If this momentum continues, a push towards $1.10+ is very possible. That's the next key resistance where we saw previous consolidation.
My plan:
I'm not chasing the green candle. Waiting for a solid hold above $1.04 - $1.05 on daily close. If we get that, $1.10 then $1.18 - $1.21 becomes the next target zone. On the downside, $0.97 - $0.98 is my short-term support. A daily close below $0.92 would invalidate this bullish momentum idea for now.
Are you also watching $SUI for that $1.10 breakout or waiting for a pullback first?
#sui #ElicePlunges33%InKoreanIPODebut #KOSPIFallsMoreThan2% #SkyAISellsAllSOLAndLaunchesCashTenderOffer #EarningsSeason @Binance Square Official
SUI is showing strength again — trading around $1.0371 / $1.0207 right now, +5.11% on the day. 24H High $1.0414, Low $0.9763, trying to hold above $1.00 psychological level.
On the 1D chart, we topped at $1.2969 last month, then had a long correction down to $0.6340. Now price is basing and reclaiming moving averages. RSI(6) around 50.45 — neutral, not overbought yet, so there is still room for continuation.
If this momentum continues, a push towards $1.10+ is very possible. That's the next key resistance where we saw previous consolidation.
My plan:
I'm not chasing the green candle. Waiting for a solid hold above $1.04 - $1.05 on daily close. If we get that, $1.10 then $1.18 - $1.21 becomes the next target zone. On the downside, $0.97 - $0.98 is my short-term support. A daily close below $0.92 would invalidate this bullish momentum idea for now.
Are you also watching $SUI for that $1.10 breakout or waiting for a pullback first?
#sui #ElicePlunges33%InKoreanIPODebut #KOSPIFallsMoreThan2% #SkyAISellsAllSOLAndLaunchesCashTenderOffer #EarningsSeason @Binance Square Official