โ๐ Market structure unveiled: Key support and resistance levels ๐โจ
โAfter several weeks of upward movement, both SEI ๐ด and SUI๐ต have entered a correction and consolidation phase on their (1D) charts. Both assets are being affected by BTC's lack of strength, slowdown, and recent pullbacks ๐โก.
โ๐ด SEI: Mapping levels after the pullback ๐ฏ
โSEI's price is compressed, moving within ranges and support levels in its current structure:
โ ๐ขImmediate Support (0.06920): A key level that held and halted the drop recorded last night.
โโ ๏ธ Invalidation Support (0.06580): The most important support. If the price breaks this level with a large candle body, we could be confirming a trend reversal ๐๐.
โ๐ง Resistance to Break (0.07220): The immediate ceiling that the price is struggling to reclaim to restore its upward momentum ๐ฅ.
โ๐ต $SUI : The struggle to validate the trend reversal โ๏ธ
โ$SUI also reflects the market slowdown over the past few weeks, but shows a critical battle in its demand and supply zones:
โ๐ก๏ธ Immediate Support (1.1544): The first level to halt selling pressure ๐.
โ๐งฑ Main Reaccumulation Support (1.0960): The most important major defensive floor before the structure is compromised ๐ฐ๐.
โ๐ฏ The ultimate test at 1.3300: $SUI has not managed to approach or test the resistance at 1.3300. If the price does not move toward this zone, it will struggle to break its long-term downtrend ๐งโโ๏ธ. We need to see at least a wick test, or ideally, a break through with a significant candle body ๐ฅ๐ฏ๏ธ.
โBut what do you think? ๐ฌ๐ญ
Which project will gain the most in the next rally? ๐
โโ๐ If you found this analysis useful, tap 'Follow' so you don't miss market updates. ๐
Disclaimer: This is not financial advice. Educational content. Trade at your own risk (DYOR)
โ#SEI #SUI #TechnicalAnalysis #BinanceSquare #CryptoTrading
โAfter several weeks of upward movement, both SEI ๐ด and SUI๐ต have entered a correction and consolidation phase on their (1D) charts. Both assets are being affected by BTC's lack of strength, slowdown, and recent pullbacks ๐โก.
โ๐ด SEI: Mapping levels after the pullback ๐ฏ
โSEI's price is compressed, moving within ranges and support levels in its current structure:
โ ๐ขImmediate Support (0.06920): A key level that held and halted the drop recorded last night.
โโ ๏ธ Invalidation Support (0.06580): The most important support. If the price breaks this level with a large candle body, we could be confirming a trend reversal ๐๐.
โ๐ง Resistance to Break (0.07220): The immediate ceiling that the price is struggling to reclaim to restore its upward momentum ๐ฅ.
โ๐ต $SUI : The struggle to validate the trend reversal โ๏ธ
โ$SUI also reflects the market slowdown over the past few weeks, but shows a critical battle in its demand and supply zones:
โ๐ก๏ธ Immediate Support (1.1544): The first level to halt selling pressure ๐.
โ๐งฑ Main Reaccumulation Support (1.0960): The most important major defensive floor before the structure is compromised ๐ฐ๐.
โ๐ฏ The ultimate test at 1.3300: $SUI has not managed to approach or test the resistance at 1.3300. If the price does not move toward this zone, it will struggle to break its long-term downtrend ๐งโโ๏ธ. We need to see at least a wick test, or ideally, a break through with a significant candle body ๐ฅ๐ฏ๏ธ.
โBut what do you think? ๐ฌ๐ญ
Which project will gain the most in the next rally? ๐
โโ๐ If you found this analysis useful, tap 'Follow' so you don't miss market updates. ๐
Disclaimer: This is not financial advice. Educational content. Trade at your own risk (DYOR)
โ#SEI #SUI #TechnicalAnalysis #BinanceSquare #CryptoTrading