Current price: 3.65

SUI has surged since breaking through 2.37 on November 9, the buying force is exploding! Although the sellers have repeatedly attempted to attack, the buyers have aggressively bought in as prices drop, maintaining control of the market.

Short-term target and important resistance:

Currently, it is likely to hit 4, and the sellers may try to prevent it. But if the buyers are stronger, the price may rise to 4.36, and could even reach 4.83.

Downside risks and important support:

You need to pay attention to the 20-day moving average (3.5993), this is the bottom level of the buyers. If the price drops below this level and closes below it, this means that the buyers no longer have strength to support, and the market may slide down to around 3.35.

4-hour chart analysis

Looking at the short term, SUI has found support near the EMA 20 line in each correction, indicating very strong buying power. If the price can surpass 3.93, it is highly likely to continue rising to 4.36, then aiming for 4.83.

But! If the price drops below the 20-day moving average, caution is needed, as this means the buyers may take profits. At that point, SUI may test the support of the 50-day moving average, if this level does not hold either, the price may return to 3.35.

If 3.35 is broken, the only important support left for the buyers is at 2.57; if this is not maintained, the price will slide down to the support level of 2.36.

Hey everyone, the market is getting higher and higher, don’t rush to chase the price, maintain a stable mindset and wait for a breakout to enter. Manage your capital well, keep it stable, and if you make a lot, remember to come back and show off~😉$SUI