Sui attracts increasing attention because price movement shows early signs of possible recovery. Two separate analyzes of Michaël Van De Poppe and Sjuul of Altcryptogems indicate the potential strength that dates back to the original after a long direction. Upon writing, Sui Price is traded at $ 2.56, an increase of 5.20 % over the past day. The trading volume also increased by 22 %, which reflects a possible transformation in the momentum.
Crypto Michaël Van De Poppe expert with a chart accompanied by a bullish statement on X, noting that the SUI price has undergone a strong re -test and may enter into a bullish direction. His scheme, based on the weekly timetable, explains that the price has returned to a previous unification zone that was resistance during the 2023 gathering.
That same region has now worked as support, as SUI price reaction was positively. Many green candles began to form in this field, which indicates the attention of early purchase. The size remained stable during this period, which can often indicate the accumulation of market participants. The RSI index sits near the level of 40, not after selling it but approaches the conditions in which the repercussions occur.
The weekly structure of the Sui price displays the signs of the reflection of the direction
Van De Poppe analysis shows a full cycle: strong accumulation, sharp crowd, correction, and now a possible re -test of a new higher leg. The price of the region, which has historically interacts with a major role in the previous movements, has played its importance.
The size of the size during the withdrawal was less compared to the assembly, and it is often interpreted as a decrease in the pressure pressure. If this region continues to keep it and execute RSI up, the possibility of a renewed upscale phase may increase, based on the behavior of the historical graph.
The analyst sees the outbreak of SUI of medium -term resistance
Sjuul from Altcryptogems also shared an X analysis, pointing to the bullish market structure on the less time frame. Its graph shows a major outbreak above the support level of $ 2.45, which was previously lost. The SUI price has regained this area and continues higher, which is a cup style often associated with accumulation.
The graph includes a rolling translation line that has now been broken. This change represents the transformation from the highest levels to the potential upward trend with a higher decrease. The deviation of less than $ 2.45 is seen by the restoration by merchants as a failed collapse, which can attract new buyers.
SUI market expectations with the main levels of focus
These analysts independently Refer to the structural transformations in the Sui price scheme. Van De Poppe uses the weekly timeline, while Altcryptogms focuses on the medium term. The joint display of both is to restore the main support levels and break the previous resistance trends.
The price contract may now be above $ 2.45 as a short -term assertion level. Any sustainable step above this point, in addition to increasing its size, can open the door for other gains. The next potential resistance goal is located, as determined in the altcryptogems chart, near the $ 4.50 region.
These developments have emerged with an increase in trading activity and technical indicators begin in contrast to strength. Traders and investors are now closely monitoring to confirm that the trend’s shift may continue.
Also read: Reble’s Clo falls the final update on Case XRP against SEC at all: “This is all people!”
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