Sui (SUI) exposed signs of a possible recovery as its prices were high from a brand of $ 2.80, which caused optimism among merchants. After trying a period of negative pressure, the cryptocurrency tries to restore the lost land, indicating that the upscale momentum may build. This recovery comes in a critical turn because maintaining support beyond this level can pave the way for more upscale movement.
It drew attention to whether sui is preparing to restore a more sustainable or if this increase is just a short -term reaction before another declining move. Despite optimism, the broader market is still very volatile, and only faces the main resistance levels that may determine the strength of this upward trend.
Sui PRICE is trying to recover
Serial price has faced a higher -paying attempt, indicating a possible weakness in the current recovery attempt. After going up to a 50 % Fibonacci alternative level at $ 3.079, the cryptocurrency has struggled to keep its upward momentum, as it faced resistance that prevented more gains.
This rejection sparked a new decrease, indicating that sellers defend the key levels. As a result, the original began to lose traction, with a rising pressure again. The decline can accelerate, which leads to a deeper decline if the price fails to find subsidies at near levels.
Moreover, SUI is still struggling to get a bullish momentum because it is trading without a simple moving average for 100 days (SMA) and is still under pressure from the main trend line. This usually indicates that sellers are still controlling, which prevents collapse towards higher levels. The decisive step above these resistance points can indicate the reflection of the direction, but the failure to do this may lead to more negative pressure.
Technical indicators: mixed image
From a technical perspective, the last recovery over $ 2.8 is a promising development. SUI (MCD) difference shows early signs on a bullish cross, which may indicate the potential of the upward trend if the momentum continues.
However, the challenges with the level of $ 3.5 remained martyred as a large resistance area, and failed to penetrate hints when the sale pressure is renewed. In addition, trading sizes improve, but are still lower than peak levels.
In conclusion, SUI must overcome two main drugs to confirm the meaningful recovery: SMA for 100 days and the downward trend line. The collapse may open above these levels, accompanied by a strong size, the door to higher price targets, including $ 3.0 and beyond. On the other hand, failure to keep more than $ 2.8 provokes the test to reduce support levels, which leads to the reformulation of the declining direction.
