$SUI is up 50.19% in 30 days and the 7d dip of 7.70% hasn't broken a thing. that's a pause, not a top.
it beat BTC by 42.2 points over the month. even Phantom announcing it would drop Sui support didn't undo that. the market already chewed on that headline.
the honest weak spot is volume. the last 5 days ran at 0.53x the 20 days before, so this bounce is quiet. i'd rather buy a quiet hold above support than a loud spike into resistance. daily RSI is 54, not stretched, and the 4H MACD is positive.
$SUI trades at $1.09 right now. if it holds the daily EMA20 at $1.08321, i think it walks up to the 20-day mean at $1.12932, about 3.3% away. if it loses $1.08321, i'm wrong on this and there's nothing to defend. anyone long gives back the bounce and the 24h low of $1.05 is next.
holding $1.08321 or losing it?
follow me for more calls like this.
it beat BTC by 42.2 points over the month. even Phantom announcing it would drop Sui support didn't undo that. the market already chewed on that headline.
the honest weak spot is volume. the last 5 days ran at 0.53x the 20 days before, so this bounce is quiet. i'd rather buy a quiet hold above support than a loud spike into resistance. daily RSI is 54, not stretched, and the 4H MACD is positive.
$SUI trades at $1.09 right now. if it holds the daily EMA20 at $1.08321, i think it walks up to the 20-day mean at $1.12932, about 3.3% away. if it loses $1.08321, i'm wrong on this and there's nothing to defend. anyone long gives back the bounce and the 24h low of $1.05 is next.
holding $1.08321 or losing it?
follow me for more calls like this.