📊 $SUI | Is the price preparing to continue rising?
SUI is currently trading at $0.8493, up about 4.97% over the past 24 hours, with positive momentum continuing on the 15-minute timeframe.
🔹 Technical outlook:
The price is trading above the 9 EMA at 0.8449 and the 50 EMA at 0.8344, reflecting short-term buyer dominance.
However, the price is approaching the upper Bollinger Band at 0.8520, which could open the door to profit-taking or a temporary correction before another attempt to rise.
📍 Key levels:
- 🟢 Support: 0.8394, then 0.8344.
- 🔴 Resistance: 0.8541.
🔍 Expected scenario:
A break above 0.8541 and holding above it could improve the chances of a continued rise toward higher levels, while a failed breakout could push the price to retest the 0.8394 support area.
Bottom line: The short-term trend remains positive, but confirming a continued rise requires a breakout above resistance, not merely approaching it.
#SUI #Binance #BinanceSquareTalks #تحليل_فني
SUI is currently trading at $0.8493, up about 4.97% over the past 24 hours, with positive momentum continuing on the 15-minute timeframe.
🔹 Technical outlook:
The price is trading above the 9 EMA at 0.8449 and the 50 EMA at 0.8344, reflecting short-term buyer dominance.
However, the price is approaching the upper Bollinger Band at 0.8520, which could open the door to profit-taking or a temporary correction before another attempt to rise.
📍 Key levels:
- 🟢 Support: 0.8394, then 0.8344.
- 🔴 Resistance: 0.8541.
🔍 Expected scenario:
A break above 0.8541 and holding above it could improve the chances of a continued rise toward higher levels, while a failed breakout could push the price to retest the 0.8394 support area.
Bottom line: The short-term trend remains positive, but confirming a continued rise requires a breakout above resistance, not merely approaching it.
#SUI #Binance #BinanceSquareTalks #تحليل_فني
