Taking a closer look at the recent chart data for SUI (SUI), let's break down the key levels and trends for this cryptocurrency.
đ Chart Overview
Current Price: $1.9505 (+0.55%)
Volume: 1.703M â indicative of moderate buying and selling activity.
đŽ Resistance Levels
$2.0336
$2.1400
$2.1796 â a critical resistance level, as multiple attempts to break it failed, leading to a retracement.
đą Support Levels
$1.9303
$1.9000
đ Volume & Trend Analysis
SUI has been trading sideways with slight bullish momentum, facing resistance at $2.0336. The volume spike during the recent fall implies increasing selling pressure. A breakthrough of $2.1400 might indicate a bullish reversal, while losing $1.9303 could intensify bearish sentiment.
đ Key Levels to Watch
Resistance Zone: $2.1400 to $2.1796 â a breakout above this zone could signal a new bullish phase, but it has proven challenging in recent trading sessions.
Support Zone: $1.9303 â this level is currently holding; if it breaks, we may see a dip towards lower support levels.
đ Possible Scenarios
Bullish Scenario: A bounce off $1.9303, with increased volume, could give bulls another shot at pushing towards the resistance zone of $2.1400. Watch for a break and retest of this key level for confirmation.
Bearish Scenario: Failure to hold support at $1.9303 could lead to a further correction, with the next target around $1.9000.
đĄ Fitpeep's Trading Tips
If considering a buy, waiting for a confirmed bounce at $1.9303 or a breakout above $2.1400 could be good options. For those on the bearish side, a break below $1.9303 may indicate further downside potential.
đą Community Call
Whatâs your take on SUI's next move? Will the bulls gather enough momentum to break past $2.1400, or will the bears push it lower? Let me know in the comments below! đ
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