Detailed technical analysis of the asset #SUI 🐕 $SUI $DOGS $LOKA
The SUI chart shows positive changes with confirmation of the exit from the descending triangle.
The asset is now approaching a significant resistance zone located at around $1.0419.
The Parabolic Stop and Reversal (SAR) and the Moving Average Indicator (SMA) indicate the beginning of a potential uptrend.
The current price is trading around $1.0391, which signals growing interest among buyers, especially with trading volumes increasing to 105.09M over the past 9 days.
A break of the triangle upwards suggests a possible rise of 179.43% to the price level of $2.1988.
Such a rise could provide a significant boost to the bull market, especially if the asset continues to trade above key support levels at $0.8992 and $0.8742.
The Ichimoku indicator shows an approaching bullish crossover, which also confirms the likely price increase in the short term.
Bollinger is also widening, indicating increased volatility and therefore the possibility of a sharp price movement in the coming days.
Conclusion:
Growth Potential: Up to 179.43% (to $2.1988) 🐕
Support: $0.8992 and $0.8742 🐕
Resistance: $1.0419 🐕
Expected move: Breakout from descending triangle and significant gains if asset breaks key resistance levels.
