Look at this: the 4h chart of SUI/USDT shows that the price hit a low at $3.15, reacted well, and is now trying to break the EMA100 (purple line), which is an important point. The RSI is coming out of the oversold region (it was below 40), which usually indicates a possible reversal or relief in selling pressure. Additionally, there is a sequence of bullish candles with decent volume, which may show that buyers are coming in. If it breaks the EMA50 (pink line) at $3.35 with strength, it could quickly seek higher levels. In other words: it's possible to think about a positioning now with a short stop and an eye on the breakout!
📊 And what about BTC dominance?
BTC is dominating the market with about 64% market share, the highest level in four years. This shows that the market is seeking safety in Bitcoin. However, historically, after BTC makes that stretch, profits start to migrate to altcoins. That's when altseason comes into play, and coins like SUI could ride that wave.
#SUI🔥 🔥
#AppleCryptoUpdate #dominance