🔥 $SUI — Is the 5-month extended round-bottom model ready to be hacked?
$SUI spent several months shaping a large circular bottom after the price fell toward the $0.65 level.
Now, the price is testing the most important area in this pattern:
🎯 Neckline resistance: $1.18 – $1.35
📈 The context is becoming increasingly optimistic:
• The price managed to reclaim the 200 EMA
• 2Sydes Trend: BULLISH 🟢
• The price has entered the neckline resistance zone
• Money flows have started recovering from extreme levels
• The round-bottom pattern is still intact and has not been invalidated
🚀 A clear breakout above $1.35 would confirm a neckline break and could open the way to the bigger technical target near $1.83.
⚠️ Until the breakout happens, $SUI is still facing strong resistance.
❌ Invalidation of this scenario: a breakdown below the $1.18 level.
#SUI 🔥 #Crypto
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👀 Discover what others might be missing, and trade smart
$SUI spent several months shaping a large circular bottom after the price fell toward the $0.65 level.
Now, the price is testing the most important area in this pattern:
🎯 Neckline resistance: $1.18 – $1.35
📈 The context is becoming increasingly optimistic:
• The price managed to reclaim the 200 EMA
• 2Sydes Trend: BULLISH 🟢
• The price has entered the neckline resistance zone
• Money flows have started recovering from extreme levels
• The round-bottom pattern is still intact and has not been invalidated
🚀 A clear breakout above $1.35 would confirm a neckline break and could open the way to the bigger technical target near $1.83.
⚠️ Until the breakout happens, $SUI is still facing strong resistance.
❌ Invalidation of this scenario: a breakdown below the $1.18 level.
#SUI 🔥 #Crypto
Follow me for more.
👀 Discover what others might be missing, and trade smart
