$SUI/USDT Technical Review 📊
Current Price: ~$0.885
Macro Trend (Weekly): Strong "V-shaped" recovery structure observed over the past months. Overall macro bias remains bullish.
Mid-Term Trend (Daily): Currently in a healthy consolidation phase following the September rally. Price is interacting closely with the 25-day Moving Average (~$0.88).
Short-Term Trend (4H): Corrective structure persists. Price is respecting local descending resistance lines and trading below short-term 4H MAs.
Key Levels to Watch:
Support: Immediate support around $0.85. Major congestion/MA support near $0.80.
Resistance: Needs to reclaim local resistance at $0.92 to shift 4H momentum. Major resistance remains at the $1.05 - $1.10 zone.
Conclusion: Neutral short-term, but constructively bullish on higher timeframes. Watching for a break above $0.92 with volume to confirm resumption of the uptrend.
#SUI #CryptoTrading #TechnicalAnalysis #Binance
Current Price: ~$0.885
Macro Trend (Weekly): Strong "V-shaped" recovery structure observed over the past months. Overall macro bias remains bullish.
Mid-Term Trend (Daily): Currently in a healthy consolidation phase following the September rally. Price is interacting closely with the 25-day Moving Average (~$0.88).
Short-Term Trend (4H): Corrective structure persists. Price is respecting local descending resistance lines and trading below short-term 4H MAs.
Key Levels to Watch:
Support: Immediate support around $0.85. Major congestion/MA support near $0.80.
Resistance: Needs to reclaim local resistance at $0.92 to shift 4H momentum. Major resistance remains at the $1.05 - $1.10 zone.
Conclusion: Neutral short-term, but constructively bullish on higher timeframes. Watching for a break above $0.92 with volume to confirm resumption of the uptrend.
#SUI #CryptoTrading #TechnicalAnalysis #Binance
