SUI acquired the attention of merchants again after retracting the main support zone within the current trading scope. The SUI price recovery sparked a possible continuation, especially as it is lined with familiar artistic preparation. Coinvo participated on X (previously Twitter) that “Sui bounces completely from the trading scope balance”, describing it “a huge thunderbolt brand” that made the community feel more optimistic.
However, SUI returned to the main Fibonacci region, a type that is closely monitoring many traders. On the daily chart, the price has returned to 50 % to 61.8 % of the retreat area, which ranges between approximately $ 3.10 and $ 2.75. Traders usually see these levels because they tend to work as areas where the price slows down or find support in the larger direction.
After dipping severely in early June, Sui Price found support near the retreat by 50 % and began to recover. This level, often called the “balance” of the domain, is the place where traders are usually seen to see if the market is still carrying a bullish structure during the decline. To date, this apostasy has brought some renewable confidence, and people are now watching to see if the momentum can carry it above.
SUI structural trend bears in the midst of monotheism
Before this decline, SUI PRICE witnessed a strong upward movement from mid -April to May. This trend included a sharp gathering, followed by a period of side work. This monotheism stage was characterized by multiple peaks and strikes, indicating the possibility of distributing short -term or redistributing the situation by the participants.
Despite the correction until June, the broader trend remains to the upward trend. The current price procedure indicates a possible continuation if SUI maintains higher support than the retreat area. The next resistance area appears near the 3.70 – 3.90 dollars, a level in which the previous gatherings of penetration are struggled.
Sui Trading Asciment and market interaction
Coinvo described the last SUI PRICE movement as a “huge thunderbolt”, which reflects the transformation of feelings that were observed after the apostasy. Social media activity inflated the attention of traders, as market participants begin to evaluate the potential settings to re -enter. The indication of the balance indicates the technical awareness of the fair value areas within the applicable trading ranges.
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The apostasy also coincided with the improvement of the size and the regeneration of the rising pressure, which raised questions about the sustainability of the current step. Market monitors will continue to monitor whether the original can restore the previous highlands and confirm the continuation of the direction through penetration.
Moreover, the SUI price behavior is proposed near the Fibonacci region Active attention in the main support levels. Traders now focus on whether the distinctive symbol can maintain momentum and re -test the upper limits of the trading scope. SUI stability may enhance more than $ 3.10 dollars, while failure to retain more than $ 2.75 may reopen lower levels.
Technical patterns indicate the possibility of the re -drawing phase. The following sessions can be determined whether this apostasy represents the beginning of continuous recovery or a short -lived reaction within a wider range.
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