📈 $SUI IS SITTING AT A VERY IMPORTANT LEVEL
Right now, $SUI is still trading near the bottom of this whole structure, which makes this area very interesting technically.
What I’m watching is simple:
Break the falling trendline
Reclaim $1.76
Then $1.98 becomes the next key resistance
If $SUI starts reclaiming those levels with strength, the bigger move can open up.
After that, the 1.618 Fibonacci extension sits around $8.26, which is the major target on this chart.
For now, this is still a chart that looks like compression near the lows before a possible expansion higher.
Nothing is certain. Here we examine, based on technical analysis, what has the higher probabilities. In the markets, anything can happen. This is not a suggestion to buy $SUI. It is a technical analysis view, and everyone should do their own research.
Right now, $SUI is still trading near the bottom of this whole structure, which makes this area very interesting technically.
What I’m watching is simple:
Break the falling trendline
Reclaim $1.76
Then $1.98 becomes the next key resistance
If $SUI starts reclaiming those levels with strength, the bigger move can open up.
After that, the 1.618 Fibonacci extension sits around $8.26, which is the major target on this chart.
For now, this is still a chart that looks like compression near the lows before a possible expansion higher.
Nothing is certain. Here we examine, based on technical analysis, what has the higher probabilities. In the markets, anything can happen. This is not a suggestion to buy $SUI. It is a technical analysis view, and everyone should do their own research.
