Sui Price does not look good at the present time as I noticed Alpha Crypto Signal, which is the X -X. The SUI, according to them, SUI creates a higher round style on the daily chart. This is usually a declining inverse structure that indicates the shift from the upward movement to the declining momentum.
They explained that Sui has already broken down the neck line of this style, and the collapse reached with an increase in size. This makes the style more reliable and converts the price bias into the negative side. Alpha Check Example I mentioned, “The structure says weakness. The momentum confirms this.”
Their main message is simple. As long as it remains less than the neck area, it is possible that any short -term bounce. They have warned merchants against chasing Longs now. Instead, they recommend waiting for SUI either to form a new price structure or restore these important resistance levels before re -evaluation of the direction.
While this analysis was published, Sui Price was sitting about $ 3.00. It has risen a little since then and is now about $ 3.17, but this does not cancel the warning.
What do mobile intermediates say about the SUI price
For more evidence, we can also look at the SUI mobile averages on the daily chart, based on data from Investing.com. This helps us to better understand the direction.
50 days Mobile average (MA50) currently about $ 3.10 to $ 3.12. SUI a little higher than this level now, so this gives the short term in the short term He buys signal. This indicates a possible small support or support.
However, moving averages for 100 days and 200 days tell a different story. MA100 is about $ 3.19 and MA200 ranges between $ 3.25 and $ 3.27. Sui is still circulating below both, and for this reason they give up He sells Signs.
This tells us that even if there is a short -term bounce, the wider direction is still weak unless the price is higher than those higher averages. Until then, the risk of negative additions remains.
Also read: How many distinctive symbols of Jasmyco (Jasmy) do you need to become a millionaire?
Wait and watch now
Analysts, such as Alpha, a clear encryption, about their position. Sui price is not in a strong place today. Unless the neckline is recovered and climbed over the main averages, it may not be wise to buy.
Currently, SUI needs to form a stronger price structure before the bulls return safely. It may be tempting to buy a decrease, but the market shows signs of weakness. Merchants should stay patient and let the graph develop before jumping.
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