📈 A decisive move for SUI at the 0.93$ levels.. what is the next destination?
Despite daily gains of nearly 5%, the SUI project still faces a stubborn barrier below the 0.95\ and 0.96\ areas. This station is not a passing one, but rather the dividing line between a temporary correction and a true bullish shift.
🎯 Expected scenarios:
• Bullish direction: A successful daily candle closing above 0.9548\ will pave the way directly toward the 1.06\ target.
• Bearish direction: A drop below the 0.8393\ support level may push the price to visit a lower bottom at 0.7251\.
🛑 Factors calling for caution:
The coin is still trading below the important exponential moving averages (EMA 50 at 0.95\ and EMA 200 at 0.97\), in addition to the selling pressure resulting from ongoing monthly unlocks and liquidity inflows of 20 to 24 million SUI tokens.
📌 Investment view:
Avoid rushing to buy just because the price is approaching the dollar barrier; a safe entry requires real proof of the bulls’ ability to hold above the 0.95$ level, supported by strong trading momentum.
🤔 Share your expectations in the comments: Will we witness a breakout of the resistance or a test of the 0.84$ area first?$SUI
I #crypto #SuiNetwork #TechnicalAnalysis
Despite daily gains of nearly 5%, the SUI project still faces a stubborn barrier below the 0.95\ and 0.96\ areas. This station is not a passing one, but rather the dividing line between a temporary correction and a true bullish shift.
🎯 Expected scenarios:
• Bullish direction: A successful daily candle closing above 0.9548\ will pave the way directly toward the 1.06\ target.
• Bearish direction: A drop below the 0.8393\ support level may push the price to visit a lower bottom at 0.7251\.
🛑 Factors calling for caution:
The coin is still trading below the important exponential moving averages (EMA 50 at 0.95\ and EMA 200 at 0.97\), in addition to the selling pressure resulting from ongoing monthly unlocks and liquidity inflows of 20 to 24 million SUI tokens.
📌 Investment view:
Avoid rushing to buy just because the price is approaching the dollar barrier; a safe entry requires real proof of the bulls’ ability to hold above the 0.95$ level, supported by strong trading momentum.
🤔 Share your expectations in the comments: Will we witness a breakout of the resistance or a test of the 0.84$ area first?$SUI
I #crypto #SuiNetwork #TechnicalAnalysis
