🔥 $SUI IN THE RETEST ZONE AFTER ITS PARABOLIC SURGE! BOUNCE OFF THE EMA 25 OR BUYING OPPORTUNITY? 🚀⚡
Pay attention to the $SUI /USDT chart structure! After an impressive run from a low of $0.6354 to a peak of $1.2947 (+103%), the price is entering a healthy cooling-off phase, trading at $1.1242 (-5.21%).
What do the chart indicators reveal?
📉 Moving Average Test: The price temporarily slipped below the EMA 7 ($1.1657), but is holding comfortably above the bunker support levels at the EMA 25 ($1.0555) and EMA 99 ($0.8827).
⚡ KDJ in Extreme Oversold Territory: The oscillator plunged, with the J value at 17.53 (K: 43.14 / D: 55.95). Historically, when the J indicator falls below 20 on SUI, buyers tend to step in en masse to defend the asset.
📊 Absorption Volume: $81.36M USDT (71.78M SUI) has changed hands in the past 24 hours, absorbing selling pressure near the daily low of $1.1049.
🎯 The Goal: Reclaim the $1.165 level (EMA 7) to open a direct path back toward challenging the resistance at $1.2947.
Are you buying this SUI pullback, or waiting to see if it tests the EMA 25 ($1.05)? 👇
$SUI #Sui #SuiNetwork #BinanceSquare #CryptoTrading #Altcoins
Pay attention to the $SUI /USDT chart structure! After an impressive run from a low of $0.6354 to a peak of $1.2947 (+103%), the price is entering a healthy cooling-off phase, trading at $1.1242 (-5.21%).
What do the chart indicators reveal?
📉 Moving Average Test: The price temporarily slipped below the EMA 7 ($1.1657), but is holding comfortably above the bunker support levels at the EMA 25 ($1.0555) and EMA 99 ($0.8827).
⚡ KDJ in Extreme Oversold Territory: The oscillator plunged, with the J value at 17.53 (K: 43.14 / D: 55.95). Historically, when the J indicator falls below 20 on SUI, buyers tend to step in en masse to defend the asset.
📊 Absorption Volume: $81.36M USDT (71.78M SUI) has changed hands in the past 24 hours, absorbing selling pressure near the daily low of $1.1049.
🎯 The Goal: Reclaim the $1.165 level (EMA 7) to open a direct path back toward challenging the resistance at $1.2947.
Are you buying this SUI pullback, or waiting to see if it tests the EMA 25 ($1.05)? 👇
$SUI #Sui #SuiNetwork #BinanceSquare #CryptoTrading #Altcoins