$SUI
Towards price prediction:
If you see 1.8, then 1.8. Lao Li has recommended it to everyone since 0.98. On the way, he also recharged everyone's faith: just keep it! Eighty percent in half a month, not too much, right?
So what do you think next?
I won't talk about the news, if you are interested, go check it yourself!
Technically, the daily chart shows that Sui is staying above the 9-day and 21-day moving averages. Once the price stabilizes above this obstacle, it is possible to gain additional gains. Therefore, the next resistance level is close to the 3000 SAT level. If the price continues to rise, it may even break through 3500 SAT and above.
However, if the bears regroup and break below the 9-day and 21-day moving averages, the 2500 SAT support level may come into play, followed by a drop to the key support level of 2000 SAT and below. At the same time, as the 9-day moving average continues to hover above the 21-day moving average, buyers dominate the market, indicating a bullish trend.
SUI is moving bullish from a rising wedge pattern on the hourly timeframe. A strong breakout from the PoC value zone and horizontal resistance could confirm a major bullish rally.
Key Levels:
Resistance: 2.19, 2.39, 2.59
Support: 1.39, 1.19, 0.99
