Sui has recently made large movements. After starting less than $ 1.20, it exceeded $ 4.00, and attracts the attention of merchants along the way. But now, the big question is, what is the next?
According to a tweet from the Crypto expert, the chart is just a possible warning sign. He pointed out that the SUI price needs a fracture above $ 4.30 to cancel a sales signal from the TD Sequential index. This level is now in the spotlight while merchants are waiting to see if the assembly contains more gas in the tank or if the momentum fades.
Since mid -April, the trend was often. But with the appearance of modern candles from the frequency near $ 4.30, some wonder whether this is just a great process or the beginning of a greater decline.
SUI resists $ 4.30 with a sale signal
The TD series, which is used to determine the exhaustion direction, produced “9” sale on the Sui Daily chart. This style generally indicates a possible slowdown or a reflection of ascending momentum. Since the appearance of this mark, Sui Price Action has been less than $ 4.30, and the small candles that indicate uncertainty are formed among the market participants.
The $ 4.30 sign also coincides with the extension level of 1.0 Fibonacci, which enhances it as a resistance point. According to the scheme, a higher break from the price level may be needed to maintain the bullish momentum and face the signal signal expectations.
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Fibonacci levels define support and SUI price the following goals
The SUI chart is organized using fibonacci levels, starting from $ 1.16 and extending to its last highest levels over $ 4.00. These levels highlight many of the price areas monitored by merchants. Immediate support shows about $ 3.60 to $ 3.75. The additional withdrawal can be found in full swing near $ 3.14, which corresponds to the level of 0.618 Vibonacci.
If the SUI price exceeds $ 4.30, it is expected that the following extension levels will range between $ 4.90 and $ 5.30. These levels represent the following technical goals for continued ascension.
The short -term direction for the Sui price is cooled while the market is waiting for confirmation
While the medieval direction remains up, the short -term image reflects a temporary stoppage in the momentum. Candles that follow the TD serial signal show frequency instead of continuing. Traders now evaluate whether this represents the beginning of correction or just a temporary booth.
Until the level of $ 4.30 is decisively violated, the risk of declining pressure remains. SUI price will need a strong purchase benefit To push this threshold and resume its previous direction. Otherwise, the transition to the levels of support specified is still a possible scenario.
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