Here is the reason that SUI at a price of $ 3.61 can be calm before increasing the increase
The cause of confidence
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In a conversation tweetCrypto Master 786 prominent preparation for SUI, who is currently trading about $ 3.61. According to the analyst, the price sits comfortably within the main climbing zone, with the support of both the BPR and an important request block (OB).
This is the location of the location as a basis for textbooks for a possible continuation pool. Align the graph towards higher goals, Crypto Master 786 indicated to 0.5 and 0.25 Vibonacci as major areas to monitor the next stage.
Technical visions of the audience
More destroying his analysis, the analyst is in many major technical ideas that support SUI’s ups. First, he pointed to the transformation of the market structure (CH), which happened again in April, describing it as a critical “change” that represents the beginning of the ascension Reflection.
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He also applied the concepts of smart money, indicating that both the request mass and Climb The price range areas currently maintain the company. He explained that this behavior often reflects institutional accumulation, as “smart money” tends to load parking at strategic prices before a big step is revealed.
In addition to the upscale issue, Fibonacci’s meeting noted, as the expected upcoming goals are in line with 0.5 and 0.25 Fibonacci levels, which also coincide with historical supply areas.
Finally, his note revealed in size that modern declines on low size are healthy, instead of bearish attrition. These technical factors indicate that SUI may build a momentum to continue the upward trend.
Why do sui have a basic power as well
Crypto Master 786 went further by highlighting many of the main main factors that, in his opinion, can enhance the promising technical preparation of SUI and long -term expectations. In the foreground, the SUI case is found as a high layer of 1 layer of 1 layer developed by mysten Labs, with expansion, speed and low transactions that make it very attractive to both developers and users.
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Sui’s strong support from first -class investors, including names such as A16z, Jump Crypto and Binance Labs, indicates Strong Corporate Confidence in the future project capabilities. In addition to funding, he pointed to the rapid growth of the SUI’s ecosystem, pointing to the number of Defi, Gaming and NFT projects launched on the network.
In addition, the Sui Builder Grant enhances the innovation, and its provision Support And resources for the teams based on the platform. The analyst concluded by saying that SUI is placed for a strong movement if he maintains the current OB/BPR area. Through smart money signals, alignment technologies, and solid essentials, he sees a high -possibility game with 37 % bullish capabilities.
Distinctive image from Adobe Stock, Chart from TradingView.com
