Sui (SUIUSD) Gathers Its Positive Strength - Analysis - 12-23-2024

The price of Sui (SUIUSD) has slightly declined during its recent trading at the moment levels, as the price tries to gain positive momentum that may help it recover and rise again, amid the dominance of the main upward trend in the short term and its trading along the trend line, with the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period, in addition to that, we notice the beginning of positive signals in the relative strength indicators, after reaching oversold areas.

Therefore, our expectations suggest a return to the rise in the price of the currency during its upcoming trading, especially in the event that it breaks the current resistance of $4.9577, to then target the main resistance level of $6.0000.

The expected direction for the upcoming trading: It is likely to rise $SUI