💥 SUI (SUI) Price Update: Key Insights for Traders 💥

1. SUI Struggling Below Recent Peak

SUI reached a high of £2.36 on October 14 but is now facing downward pressure.

The current price is approaching critical support at £2.03, and a potential dip below this level could trigger a further decline.

2. Testing Key Support at £2.03

SUI has been trading within a rising parallel channel, typically a bullish pattern.

Key Risk: If the support at £2.03 breaks, SUI could see a sharp 10% drop, possibly sliding to £1.85 or lower.

3. Bearish Signals in Indicators

BBP Oscillator: Has flipped into bearish territory, confirming that bears are currently dominating the market.

MACD Indicator: In negative territory, signaling that momentum has shifted away from the bulls, increasing the likelihood of further downside.

4. SUI Price Prediction: Potential Downside

If the £2.03 support fails, expect a move towards £1.85 or lower, with extended corrections possible.

The market is volatile, so traders should stay alert and ready with a strategy.

5. Decision Time for Traders

What’s Your Move?

Ride out the potential drop or wait for a better re-entry after the correction? Staying informed and reacting quickly to market changes is key.

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