$SUI Analysis: Holding Steady Despite Dip
SUI has slipped to 1.8069, down 5.27%, but don't sound the alarm just yet! This drop isn't necessarily bearish – yet.
Key Levels:
Resistance: 1.9000
Support: 1.6000
Until SUI breaks below 1.60 completely, this downturn can be seen as a healthy correction within an overall uptrend.
Current Price Action:
- Testing support around 1.8000
- Relative Strength Index (RSI) indicates oversold conditions
Bullish Signs:
- Higher lows since June
- Strong buying interest above 1.6000
To confirm a bearish trend, SUI would need to:
1. Break below 1.60
2. Sustain prices below this level
3. Show increased selling volume
Until then, consider this dip a buying opportunity or a brief pause in SUI's upward trajectory.
Stay vigilant, but remain optimistic!
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