SUILong
Amid Intense Pullback, Will SUI rise again?
SUI price has dipped 2.66% in the last 24 hours, falling below the $2 psychological mark to $1.90, with a market cap of $5.29 billion.
The daily chart shows a rounding bottom pattern, but the price faced resistance at $2.07, forming an evening star pattern after a 1.51% drop.
Key EMAs (50-day, 100-day, 200-day) remain bullish, acting as dynamic support.
MACD and signal lines indicate uncertainty, moving sideways without clear momentum.
A bearish candle hints at further downside, with the next support level at $1.74 based on Fibonacci retracement.
A potential neckline breakout could fuel a 50% rally, pushing SUI to the $3 mark.
The daily chart shows a rounding bottom pattern, but the price faced resistance at $2.07, forming an evening star pattern after a 1.51% drop.
Key EMAs (50-day, 100-day, 200-day) remain bullish, acting as dynamic support.
MACD and signal lines indicate uncertainty, moving sideways without clear momentum.
A bearish candle hints at further downside, with the next support level at $1.74 based on Fibonacci retracement.
A potential neckline breakout could fuel a 50% rally, pushing SUI to the $3 mark.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.