Sui: Your Altcoin Choice

12 Nis

The action is happening right above 0.786 Fib. retracement level support. Above it, the actual level wasn't hit and this is a signal of strength.

I looked at this chart when the action was happening above 0.618 and mentioned that it could drop further before the start of the next bullish wave. See what happened, as soon as the next support gets challenged, volume goes up. This is significant volume in comparison with the daily average. The highest volume since November 2024.

This volume signal can be easily translated as support found. Support found means that the down-move is no more. The down-move being over invariably leads to change. Change means the market won't be dropping no more. If it was going down, soon, SUIUSDT should start to grow. That's my conclusion based on the data coming from the chart.

Even if prices move a bit lower, the bullish bias still remains. There is an ending diagonal on the chart. This pattern tends to show up before a change of trend. The correction is over. It is only a matter of time before the next bullish wave.

Thanks a lot for your amazing and continued support. It is truly appreciated.

It is not possible to project an accurate ATH for this pair because the chart is too young. Relevant numbers for 2025 are $9.42 and $15.24.

Namaste.

4 gün önce

Not

The initial bullish breakout produced a 74% jump for SUIUSDT.
Additional growth is expected in the coming weeks and months.