$SUI (SUI) REJECTING UPPER BOLLINGER BAND RESISTANCE ARE BEARS DRIVING PRICE TOWARD $1.0902 NEXT?
Pair: $SUI /USDT
Direction: SHORT
Entry Price: 1.1836
Target Levels (Take Profit)
TP 1: 1.1486 2.96%
TP 2: 1.1252 4.93%
TP 3: 1.0902 7.89%
Stop Loss
SL: 1.2303
Technical Breakdown
SUI ($1.1837) staged a strong recovery spike from local lows near $1.1000 up to test upper channel resistance around $1.1900–$1.2000. However, long upper wicks at the top boundary indicate aggressive sell-side resistance capping the breakout attempt.
While short-term MA 7 and MA 25 have sloped upward, price action remains directly constrained under the upper Bollinger Band boundary (BB 20). Failure to secure a candle close above the high-volume resistance region opens up a retest of the baseline MA 99 (~1.1600).
RSI (14) has sloped sharply into near-overbought territory above 60.00, signaling overhead momentum exhaustion. MACD histogram volume continues to print green, but signal lines remain near the zero axis, leaving the overall structure vulnerable to a sharp bearish rejection if buyers fail to maintain volume.
$SUI
Pair: $SUI /USDT
Direction: SHORT
Entry Price: 1.1836
Target Levels (Take Profit)
TP 1: 1.1486 2.96%
TP 2: 1.1252 4.93%
TP 3: 1.0902 7.89%
Stop Loss
SL: 1.2303
Technical Breakdown
SUI ($1.1837) staged a strong recovery spike from local lows near $1.1000 up to test upper channel resistance around $1.1900–$1.2000. However, long upper wicks at the top boundary indicate aggressive sell-side resistance capping the breakout attempt.
While short-term MA 7 and MA 25 have sloped upward, price action remains directly constrained under the upper Bollinger Band boundary (BB 20). Failure to secure a candle close above the high-volume resistance region opens up a retest of the baseline MA 99 (~1.1600).
RSI (14) has sloped sharply into near-overbought territory above 60.00, signaling overhead momentum exhaustion. MACD histogram volume continues to print green, but signal lines remain near the zero axis, leaving the overall structure vulnerable to a sharp bearish rejection if buyers fail to maintain volume.
$SUI
