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FLOW analysis: Price broke through the resistance level and retested it, indicating a potential move towards the next resistance area. Consider opening long positions if the price drops to the support level. Support Area: $0.707-$0.74 Resistance Area: $0.947-$0.981
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SUI moved as expected and tested the resistance area. The long position gave more than 30% profit from the entry point. You can book some profit here and hold the rest with tight stop loss. A break above the resistance area will send the price towards the $0.90 level.
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Bitcoin is currently experiencing a period of low volatility, with no clear indications of a breakout in either direction. The good thing is price is able to hold the support levels.
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Hate rate alone has seen an increase of 8% over the last 7 days. Miners are bullish on BTC and accumulating BTC because of the BTC halving event. This is good for Bitcoin network security and decentralisation.
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SUI analysis: Price has been rejected from a resistance area and is now testing a support area. We anticipate a bounce from the support area and suggest opening a small long position with a tight stop loss. Support Area: $0.575-$0.60 Resistance Area: $0.71-$0.74
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