1D CHART of SUI on USDT market pair. indicates a potential trend reversal following a prolonged downtrend within a descending parallel channel. The price has consistently formed lower highs and lower lows, indicating strong bearish momentum. However, a recent breakout from the channel suggests a possible shift towards bullish price action.
A critical support zone around $2.00 has shown significance, as buyers have stepped in to defend this level, preventing further declines.
This breakout signals a potential trend change, with the price now targeting key resistance levels at $2.9357, $3.5131, and $4.2060. In an extended bullish scenario, the price could reach as high as $4.7538.
A critical support zone around $2.00 has shown significance, as buyers have stepped in to defend this level, preventing further declines.
This breakout signals a potential trend change, with the price now targeting key resistance levels at $2.9357, $3.5131, and $4.2060. In an extended bullish scenario, the price could reach as high as $4.7538.
Trade active
Retesting support zone after breakoutNote
Target 1 hit for 
SUIUSDTNote
Target 2 hit for SUIUSDT +60% currently profited
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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.