suitechnicalanalysis
182 views
2 Discussing
Hot
Latest
Hello everyone! Let’s analyze the current short-term technical landscape for $SUI
Recent reports from sources like Coinpedia and CoinCodex indicate that SUI is currently facing some pressure, struggling to hold above the crucial $3.32 to $3.40 range; we've seen a slight short-term slump of approximately $3$ to $4\%$, accompanied by a modest drop in Total Value Locked (TVL). Furthermore, a significant metric, Futures Open Interest, has decreased by about $31\%$, signaling reduced leverage in the market.
$XRP
However, there is a strong counter-signal emerging: the Relative Strength Index (RSI) is now touching the oversold territory; this is a classic indicator that suggests a technical rebound or bounce could be imminent, offering a short-term relief rally.
Looking at the broader picture, the candlestick patterns and the MACD indicator are still maintaining a medium-term bullish signal, provided the price successfully holds the key support zone above $3.27$ to $3.32$. If this level holds, the bullish structure remains intact.
$DOGE
This current period of slight depreciation is an opportune time for whales and smart investors to increase their accumulation at discounted prices. The best advice is to remain patient; wait for a confirmed reversal signal from the technical indicators—such as a bullish crossover or a strong close above resistance—before initiating significant new buy orders.
#CPIWatch
#SUITechnicalAnalysis #CryptoRSI #BuyTheDip #MACD
Recent reports from sources like Coinpedia and CoinCodex indicate that SUI is currently facing some pressure, struggling to hold above the crucial $3.32 to $3.40 range; we've seen a slight short-term slump of approximately $3$ to $4\%$, accompanied by a modest drop in Total Value Locked (TVL). Furthermore, a significant metric, Futures Open Interest, has decreased by about $31\%$, signaling reduced leverage in the market.
$XRP
However, there is a strong counter-signal emerging: the Relative Strength Index (RSI) is now touching the oversold territory; this is a classic indicator that suggests a technical rebound or bounce could be imminent, offering a short-term relief rally.
Looking at the broader picture, the candlestick patterns and the MACD indicator are still maintaining a medium-term bullish signal, provided the price successfully holds the key support zone above $3.27$ to $3.32$. If this level holds, the bullish structure remains intact.
$DOGE
This current period of slight depreciation is an opportune time for whales and smart investors to increase their accumulation at discounted prices. The best advice is to remain patient; wait for a confirmed reversal signal from the technical indicators—such as a bullish crossover or a strong close above resistance—before initiating significant new buy orders.
#CPIWatch
#SUITechnicalAnalysis #CryptoRSI #BuyTheDip #MACD
#SUI is currently flashing signs of a bullish continuation from a key support zone that used to be a descending resistance. We've been tracking #SUI moving within a descending channel for a while now. Recently, it broke above this pattern, retested the upper channel, and is now showing strength at the crucial support level.
If #SUIUSDT holds this support, we could see a significant bullish rally reminiscent of past trends. A breakout above the resistance at $ 1.14 could pave the way for a move towards higher resistance zones.
#suinews #sui #suitokenprice #suicoinpriceprediction #suitechnicalanalysis
If #SUIUSDT holds this support, we could see a significant bullish rally reminiscent of past trends. A breakout above the resistance at $ 1.14 could pave the way for a move towards higher resistance zones.
#suinews #sui #suitokenprice #suicoinpriceprediction #suitechnicalanalysis
Login to explore more contents