๐ $SUI PRICE UPDATE: BREAKOUT OR ANOTHER REJECTION?
SUI is currently trading around $0.9326, after bouncing back towards the upper boundary of its descending channel.
Price has moved above the trendline, but it's still too early to call it a confirmed breakout. Buyers need to prove they can hold this level.
๐ฏ KEY LEVELS TO WATCH
๐ข Bullish Scenario:
$0.94โ$0.95: Important breakout zone.
$0.97โ$0.98: First upside target.
$1.00โ$1.02: Next resistance area.
$1.05โ$1.06: Further upside target.
$1.12โ$1.14: Major recovery zone.
For a stronger bullish move, SUI needs to close above $0.95 on the hourly chart and successfully retest that level as support.
๐ด Bearish Scenario:
$0.91โ$0.92: Immediate support.
Below $0.90: Bullish setup starts weakening.
$0.88: Next downside level.
$0.86: Lower channel support.
MY TAKE ๐
SUI is approaching an important turning point. A confirmed breakout above $0.95 could open the door for further upside, but failure to hold support may bring sellers back into control.
Don't rush into a trade before confirmation. Watch the hourly candles and volume.
๐ฌ What do you think? Can SUI break above $1.00 this time?
#SUI #SuiNetwork #Altcoins #TechnicalAnalysis #BinanceSquare
โ ๏ธ Not financial advice. Always do your own research.
SUI is currently trading around $0.9326, after bouncing back towards the upper boundary of its descending channel.
Price has moved above the trendline, but it's still too early to call it a confirmed breakout. Buyers need to prove they can hold this level.
๐ฏ KEY LEVELS TO WATCH
๐ข Bullish Scenario:
$0.94โ$0.95: Important breakout zone.
$0.97โ$0.98: First upside target.
$1.00โ$1.02: Next resistance area.
$1.05โ$1.06: Further upside target.
$1.12โ$1.14: Major recovery zone.
For a stronger bullish move, SUI needs to close above $0.95 on the hourly chart and successfully retest that level as support.
๐ด Bearish Scenario:
$0.91โ$0.92: Immediate support.
Below $0.90: Bullish setup starts weakening.
$0.88: Next downside level.
$0.86: Lower channel support.
MY TAKE ๐
SUI is approaching an important turning point. A confirmed breakout above $0.95 could open the door for further upside, but failure to hold support may bring sellers back into control.
Don't rush into a trade before confirmation. Watch the hourly candles and volume.
๐ฌ What do you think? Can SUI break above $1.00 this time?
#SUI #SuiNetwork #Altcoins #TechnicalAnalysis #BinanceSquare
โ ๏ธ Not financial advice. Always do your own research.
