🚨 $SUI is trying to stop the bleeding… Can it reclaim the $0.90 level?
$SUI is currently trading at $0.8927, up 0.74% over the past 24 hours, after hitting a low of $0.8277.
📊 What are we seeing on the 4-hour timeframe?
- The overall trend remains bearish, with the price trading below the EMA(50) at $0.9073.
- The price is trying to stabilize above the EMA(9) at $0.8855, signaling a limited short-term improvement.
- The MA(99) is at $0.9409, reflecting continued pressure on the overall trend.
🔹 Support:
- $0.8855
- $0.8659
- $0.8277
🔸 Resistance:
- $0.9000 – $0.9073
- $0.9166
- $0.9409
📌 What’s next for the price?
A breakout above $0.9073 and holding there could give SUI a chance to continue its recovery toward $0.9166.
However, failing to hold $0.8855 could send the price back to test $0.8659.
Bottom line: The price is attempting to rebound from its recent low, but the trend has not changed yet. It needs to break through nearby resistance levels to confirm a genuine improvement.
#SUİ #crypto #Binance
$SUI is currently trading at $0.8927, up 0.74% over the past 24 hours, after hitting a low of $0.8277.
📊 What are we seeing on the 4-hour timeframe?
- The overall trend remains bearish, with the price trading below the EMA(50) at $0.9073.
- The price is trying to stabilize above the EMA(9) at $0.8855, signaling a limited short-term improvement.
- The MA(99) is at $0.9409, reflecting continued pressure on the overall trend.
🔹 Support:
- $0.8855
- $0.8659
- $0.8277
🔸 Resistance:
- $0.9000 – $0.9073
- $0.9166
- $0.9409
📌 What’s next for the price?
A breakout above $0.9073 and holding there could give SUI a chance to continue its recovery toward $0.9166.
However, failing to hold $0.8855 could send the price back to test $0.8659.
Bottom line: The price is attempting to rebound from its recent low, but the trend has not changed yet. It needs to break through nearby resistance levels to confirm a genuine improvement.
#SUİ #crypto #Binance
