$SUI iS STILL BULLISH
$SUI is currently trading at 2.0243, down -9.45%. Despite this decline, SUI remains in an overall uptrend.
Market Sentiment:
SUI's sentiment has been bullish for months, driving its price upward. This pullback is a normal correction.
Key Levels:
Support: 1.80, 1.60
Resistance: 2.50, 3.00
Analysis:
- The current drop is a pullback within the larger uptrend.
- RSI (Relative Strength Index) indicates a temporary oversold condition.
- Moving averages (50-day and 200-day) remain bullish.
Outlook:
- Buy on dips towards 1.80-2.00.
- Target 2.50-3.00 in the short-term.
- Long-term potential targets 4.00-5.00.
Caution:
- Further decline below 1.60 may indicate trend reversal.
- Monitor market sentiment and adjust strategy accordingly.
Conclusion:
SUI's uptrend remains intact despite the short-term decline. This pullback presents buying opportunities for investors with a long-term perspective.
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