SUI price is close to reaching a new all-time high, just 2% below its previous peak. If the bullish momentum continues, it could break the $4.92 resistance and hit $5 by December 2024. However, indicators like DMI and BBTrend suggest a weakening trend strength. Traders are monitoring key levels, as a reversal could lead to testing supports at $4.49 or $3.65. The DMI chart shows a decrease in the Average Directional Index (ADX), indicating a weakening trend strength. While the +DI remains higher than the -DI, signaling an upward trend, the declining ADX suggests a decrease in momentum. The BBTrend indicator, derived from Bollinger Bands, also shows a slight loss of momentum. Traders should closely watch the ADX for further declines, which could indicate a shift towards a neutral or bearish phase. Despite remaining in an uptrend, the strength of the trend is not as robust as before. Read more AI-generated news on: https://app.chaingpt.org/news