Sui rose to the resistance level 3.9 major dollars, which sparked renewed optimism between merchants and investors. This penetration is a decisive shift in momentum, indicating that the bulls control after a period of monotheism. Increased purchase pressure and strong trading volume indicate an increase in confidence in SUI capabilities for more bullish direction.
If the upward trend continues, SUI can put its scenes on the highest resistance levels, which leads to constant gathering speculation. However, maintaining this penetration is necessary, because failure to continue over $ 3.9 may call for the sale of sales pressure and lead to a re -testing of low support areas.
A step towards a greater bullish step?
The outbreak of the level of resistance of $ 3.9 indicates a transformation in the market dynamics, as the bulls gained strength and building momentum for more height. This step represents a major turning point because the upper pressure increases and maintains a long gathering.
Moreover, the penetration has strengthened optimistic feelings, and attracted more traders looking to take advantage of the SUI upward path. If the price remains stable above this level, the path may pave the way for a strong move towards higher resistance areas.
Align technical indicators in favor of continuous gains, the distinctive symbol shows signs of a wider direction. SUI is approaching the simple moving average for 100 days (SMA) that the market maintains its positive feeling, and that buyers continue to pay the price up. If Sui successfully holds on this main moving average, it may serve as a support level, providing strength for the upward arrangement.
In addition, the RSI recently moved to the upward lands, which means that it is higher than the neutral level of 50 % and approaches the upper half of the scale. This indicates that the purchase pressure is getting more intense, as more traders enter the market to pay prices up.
When the relative strength index rises above 50 % and goes about 70 %, it indicates that the original acquires strength and can have more space for running before it reaches the peak purchase conditions.
What is the following for sui after breaking up 3.9 dollars?
After breaking the main resistance level of $ 3.9, Sui appears to be ready for additional growth if the upscale momentum continues. Breakout has turned market morale, attract more buyers and enhance the course of asset prices.
Moving forward, the next goal for SUI will be higher resistance levels, perhaps about $ 4.9 or $ 5.3. However, keeping the 3.9 dollar level will be it is very important to maintain the current upward trend.
If the price decreases below this main level, it may indicate a decline and re -testing of low support areas, such as $ 3.5. A break less than $ 3.5 will cause a transformation in the market morale and poor upward momentum.
