#sui链
Can Sui reach 10 dollars?
Sui has recently shown impressive growth, turning several key resistance levels into support levels.
It has also invalidated the formation of a small double top pattern, which often signals a bearish reversal. It is approximately 58% above its 50-day moving average and 95% above its 100-day exponential moving average.
Notably, the Average Directional Index (ADX) indicator is moving towards the significant level of 38, indicating strong momentum for the token.
Additionally, the Stochastic Oscillator and Relative Strength Index have risen into overbought territory. In the long term, the SUI price may rise further, potentially rebounding to the 10 dollar mark, which is a 170% increase from current levels.
This will only happen if SUI's price breaks above the key level of 5 dollars.
The trend towards the 10 dollar mark will not be linear; there could be a risk of a pullback.
In this case, the SUI token might drop to 2.35 dollars before resuming an upward trend, namely breaking through and retesting.
A drop below the 2.17 dollar mark could invalidate the breakout and retest, potentially signaling a trend down to 1 dollar.
If anyone feels lost due to market fluctuations, unsure how to deal with being trapped, or feels misled during the trading process, feel free to reach out!
I am Lao Li.