SUI Coin has gained significant momentum with its recent price surge, reaching a new all-time high (ATH).
SUI Coin Current Price Analysis
SUI Coin has managed to reach the highest level (ATH) in its history with its recent rise. This is a very positive development for investors and shows that SUI is gaining strong momentum. Currently, a close has occurred above the 4.80 level, which means that a significant resistance point has been overcome. It can be said that this level has become a critical support level for SUI's continued rise. If the price stays above the 4.80 level, it is likely to gain momentum towards higher prices. However, if it falls below this level, there is a risk that the price will fall to 4.44 levels.
If the price drops below 4.80, a pullback to 4.44 levels is possible. At this point, what traders will need to watch closely is whether the 4.80 level can be maintained.
However, staying above 4.80 could signal a positive start for the SUI to start a new uptrend, creating buying opportunities for investors. Technical indicators and volume analysis can be important tools to assess the sustainability of this level.
In conclusion, it is clear that 4.80 is a critical test point for the future of SUI. If this level is maintained, it is possible to reach higher price targets. However, a close below 4.80 could lead to negative price movements in the short term.