🔥 $SUI SEEKS A FLOOR AFTER THE DAILY PULLBACK! BOUNCE IN SIGHT OR A VISIT TO THE 25 EMA? 🌊⚡
After hitting a recent peak at $1.2947, the daily chart (1D) for $SUI /USDT is taking a technical breather. The price has pulled back to $1.1258 (-5.24%), sparking an interesting debate about the medium-term structure.
What do the technical indicators show on the daily candle?
🌊 KDJ in the Entry Zone / Oversold: The J indicator fell to 18.25, with K at 43.45. When the J line breaks below the 20-point threshold on the daily chart, it signals that selling pressure is quickly easing.
🛡️ EMA Structure: The asset is trading below the 7 EMA ($1.1661), but maintains a healthy bullish cushion above the 25 EMA ($1.0557) and the 99 EMA ($0.8827).
📊 Liquidity Flow: $91.13M USDT (79.60M SUI) has been traded in the past 24 hours, supporting the daily low at $1.1049.
🎯 The Buyers’ Challenge: Reclaiming the 7 EMA ($1.1661) would confirm strength to retest the 24-hour high at $1.1948 and set up a push toward $1.2947.
Do you expect the dynamic support at $1.10 to hold, or do you see $SUI visiting the 25 EMA at $1.05? 👇
#SUI #Layer1 #BinanceSquare #CryptoTrading #TechnicalAnalysis
After hitting a recent peak at $1.2947, the daily chart (1D) for $SUI /USDT is taking a technical breather. The price has pulled back to $1.1258 (-5.24%), sparking an interesting debate about the medium-term structure.
What do the technical indicators show on the daily candle?
🌊 KDJ in the Entry Zone / Oversold: The J indicator fell to 18.25, with K at 43.45. When the J line breaks below the 20-point threshold on the daily chart, it signals that selling pressure is quickly easing.
🛡️ EMA Structure: The asset is trading below the 7 EMA ($1.1661), but maintains a healthy bullish cushion above the 25 EMA ($1.0557) and the 99 EMA ($0.8827).
📊 Liquidity Flow: $91.13M USDT (79.60M SUI) has been traded in the past 24 hours, supporting the daily low at $1.1049.
🎯 The Buyers’ Challenge: Reclaiming the 7 EMA ($1.1661) would confirm strength to retest the 24-hour high at $1.1948 and set up a push toward $1.2947.
Do you expect the dynamic support at $1.10 to hold, or do you see $SUI visiting the 25 EMA at $1.05? 👇
#SUI #Layer1 #BinanceSquare #CryptoTrading #TechnicalAnalysis