SUI on the Edge: Will Key Resistance Levels Spark a Breakout?
SUIUSDT is showing critical formations on the 1-hour chart, with indicators reflecting cautious optimism. Recent closing prices indicate a moderate uptrend, but resistance levels at $2.3123, $2.3127, and $2.3424 could challenge further gains.🔹 Support Levels: Key supports are at $2.2487, $2.2355, and $2.2231. A drop below $2.2487 may signal a bearish shift, while these levels could serve as entry points for long trades if oversold conditions arise.
🔹 EMA Insights: The 9 EMA and 20 EMA are closely aligned, suggesting consolidation. A crossover above the 20 EMA could confirm bullish momentum, but current proximity indicates trader hesitation.
🔹 MACD & RSI: The MACD remains bearish, but a convergence could signal a potential bullish shift. The RSI is neutral, hovering around 51.50, indicating balanced price action.
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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.