$SUI Bulls Just Reclaimed A Key Level đ„
SUI has jumped roughly 8.6% to around $0.78, outperforming the wider market with $489M in daily volume behind the move.
The important level now sits at $0.764.
Holding above it would confirm that buyers have reclaimed the recent Fibonacci support and are willing to defend the bounce.
The first resistance is $0.80.
A decisive daily close above that zone would put $0.85 back in play, where the 200-day moving average becomes the real trend confirmation.
Clear $0.85 and the chart opens towards $0.95, followed by the larger psychological target around $1.04.
I would expect some turbulence before that happens.
Short-term momentum is already stretched, with the hourly RSI recently moving above 75, so a retest of support would be healthy.
The bullish structure survives while $0.764 holds.
If that level fails, $0.73 becomes the next defence before the stronger $0.677 to $0.65 demand zone.
My outlook stays bullish because price has recovered with volume and the market has given us a clean invalidation point.
Hold $0.764, break $0.80 and reclaim $0.85.
That is the route Iâm watching towards a return above $1.
#Sui #Altcoin Season#
SUI has jumped roughly 8.6% to around $0.78, outperforming the wider market with $489M in daily volume behind the move.
The important level now sits at $0.764.
Holding above it would confirm that buyers have reclaimed the recent Fibonacci support and are willing to defend the bounce.
The first resistance is $0.80.
A decisive daily close above that zone would put $0.85 back in play, where the 200-day moving average becomes the real trend confirmation.
Clear $0.85 and the chart opens towards $0.95, followed by the larger psychological target around $1.04.
I would expect some turbulence before that happens.
Short-term momentum is already stretched, with the hourly RSI recently moving above 75, so a retest of support would be healthy.
The bullish structure survives while $0.764 holds.
If that level fails, $0.73 becomes the next defence before the stronger $0.677 to $0.65 demand zone.
My outlook stays bullish because price has recovered with volume and the market has given us a clean invalidation point.
Hold $0.764, break $0.80 and reclaim $0.85.
That is the route Iâm watching towards a return above $1.
#Sui #Altcoin Season#
