SUI Holds at the Psychological $1.00 Level!
After briefly plunging to a low of 0.9372, price action for $SUI on the 4-hour timeframe is starting to show signs of resistance. The price is currently climbing and trying to hold above the psychological level of 1.0065 (+0.96%).
4h Chart Analysis Highlights:
Testing EMA Cross: The price is starting to edge above the EMA 7 (0.9968) and is hugging the EMA 25 (1.0004), but remains capped by the strong resistance of the EMA 99 (1.0446).
Bullish MACD Crossover: The MACD indicator is starting to form a thin green histogram (0.0039).
RSI Rising: RSI(6) is at 60.20, indicating short-term buying momentum.
The question is: Is this move above $1.00 just a bull trap before another plunge, or is SUI ready to break through the EMA 99 at 1.04?
What do you think?
🟢 The start of a reversal, ready to break out to 1.04+
🔴 Just a temporary retracement, likely to retest support at 0.93
Type 🟢 or 🔴 in the comments! 👇
After briefly plunging to a low of 0.9372, price action for $SUI on the 4-hour timeframe is starting to show signs of resistance. The price is currently climbing and trying to hold above the psychological level of 1.0065 (+0.96%).
4h Chart Analysis Highlights:
Testing EMA Cross: The price is starting to edge above the EMA 7 (0.9968) and is hugging the EMA 25 (1.0004), but remains capped by the strong resistance of the EMA 99 (1.0446).
Bullish MACD Crossover: The MACD indicator is starting to form a thin green histogram (0.0039).
RSI Rising: RSI(6) is at 60.20, indicating short-term buying momentum.
The question is: Is this move above $1.00 just a bull trap before another plunge, or is SUI ready to break through the EMA 99 at 1.04?
What do you think?
🟢 The start of a reversal, ready to break out to 1.04+
🔴 Just a temporary retracement, likely to retest support at 0.93
Type 🟢 or 🔴 in the comments! 👇