$SUI HAS STILL POTENTIAL TO RISE MORE
SUI's -4.68% dip to $2.02, though a minor setback, doesn't shake its overall uptrend. This brief pullback presents an opportunity to reassess the bullish narrative.
SUI's technicals remain robust:
RSI hovers around 55, indicating sustained buying pressure.
MACD's bullish crossover above the signal line persists.
The 50-day moving average ($1.83) and 200-day moving average ($1.45) continue upward.
Key levels:
$2.20 (primary resistance)
$1.80 (support)
$2.50 (next resistance)
Market sentiment stays optimistic, fueled by:
Growing trading volumes
Increasing long positions
Despite this minor correction, SUI's uptrend remains intact. The pullback may attract buyers seeking entry points.
Strategy:
Long-term holders maintain positions
Short-term traders scale in above $2.05
Stop-loss below $1.80
SUI's bullish trajectory is still on track. This temporary downturn offers a chance to buy the dip or adjust existing positions.
