$SUI

SUI Price Analysis: Can Bulls Hold Key Support?

SUI is currently experiencing a correction in an upward trend. The next few key points will directly determine whether it will continue to "go to the sky" or enter a deep correction. Let's see how to operate it!

Currently, the SUI price is hovering at the short-term support level of $4.4536, which is a point worthy of bullish attention.

If it rebounds strongly from the 20-day moving average: it means that buyers are still very confident and may try to push the price above the resistance level of $5.36 and continue to attack.

On the contrary, if it falls below the short-term support: SUI may further drop to the 50-day moving average ($4.2). If even the 50-day moving average cannot be held, brothers, the bears may completely control the situation!

If the price stops falling and rebounds near the 20-day moving average, the bulls may take advantage of the momentum to hit the resistance level of $5.36. If it can break through here, the subsequent upward space will be further opened.

Operation suggestion: Wait for a rebound signal near $4.45, and try to open a long position, with the target above $5.36.

If the price falls below $4.4536 and further falls to the 50-day moving average ($4.2), this may trigger a larger wave of selling, with the target possibly dropping to $3.1.

Operation suggestion: If it falls below $4.2, you can go short, with the target near $3.1.

In the short term, $4.4536 is the "battle position" of the bulls. As long as it holds here, SUI still has hope to continue its upward trend. On the contrary, if it falls below this area, it is necessary to be prepared for a callback.

The market changes rapidly, and the reaction of key points is very important. Keep a steady mind, see the signal and act, don't be led astray by emotions! That's all for today, seize the opportunity to make some "extra money"!