๐ SUI BREAKS THROUGH THE US$ 1.00 BARRIER: Parabolic Rally and +28% Surge! ๐๐
A $SUI acelerou strongly on the 4-hour chart, broke the psychological US$ 1.00 barrier, and hit a high of US$ 1.0547 (accumulating an impressive +28.23% gain in 24h). The move reflects the strong buying flow that shifted to high-speed Layer-1 altcoins.
๐ Highlights of the Move on the Chart:
* ๐ Low x High: The asset moved from the support region near US$ 0.6723 on September 17 to surpass US$ 1.05 on September 21.
* ๐ข Parabolic Structure: The 4-hour candles show a pattern of continuous buying with no major intermediate pullbacks, indicating strong buying pressure and the liquidation of short positions (short squeeze).
* ๐ Volume and Rotation: The movement comes with a significant financial turnover of 36.91M in traded volume on Bybit.
๐ก Market Take for the Community:
* Break of a Crucial Resistance: Acceptance above US$ 1.00 turns the old psychological top into a new technical support zone.
* Watch the RSI/Overbought: With an almost vertical rise on the smaller time-chart, itโs natural to expect volatility or consolidation to test support before any further advances.
๐ฌ Does SUI have the room to target the US$ 1.20 area still this week, or will we see a retest of the US$ 1.00 support?
๐ Share your opinion in the comments, hit like, and follow for more market analysis and daily news!
โ ๏ธ Disclaimer: This content is for informational and educational purposes only. It does not constitute investment advice. DYOR (Do your own research).
$SUI
#SuiNetwork #Crypto #Altcoins #TechnicalAnalysis #BinanceSquare
A $SUI acelerou strongly on the 4-hour chart, broke the psychological US$ 1.00 barrier, and hit a high of US$ 1.0547 (accumulating an impressive +28.23% gain in 24h). The move reflects the strong buying flow that shifted to high-speed Layer-1 altcoins.
๐ Highlights of the Move on the Chart:
* ๐ Low x High: The asset moved from the support region near US$ 0.6723 on September 17 to surpass US$ 1.05 on September 21.
* ๐ข Parabolic Structure: The 4-hour candles show a pattern of continuous buying with no major intermediate pullbacks, indicating strong buying pressure and the liquidation of short positions (short squeeze).
* ๐ Volume and Rotation: The movement comes with a significant financial turnover of 36.91M in traded volume on Bybit.
๐ก Market Take for the Community:
* Break of a Crucial Resistance: Acceptance above US$ 1.00 turns the old psychological top into a new technical support zone.
* Watch the RSI/Overbought: With an almost vertical rise on the smaller time-chart, itโs natural to expect volatility or consolidation to test support before any further advances.
๐ฌ Does SUI have the room to target the US$ 1.20 area still this week, or will we see a retest of the US$ 1.00 support?
๐ Share your opinion in the comments, hit like, and follow for more market analysis and daily news!
โ ๏ธ Disclaimer: This content is for informational and educational purposes only. It does not constitute investment advice. DYOR (Do your own research).
$SUI
#SuiNetwork #Crypto #Altcoins #TechnicalAnalysis #BinanceSquare
