So the shift decline? Decreased weekly relativity indicators to less than 50 %, raising alarm
SUI, one of the most encrypted currencies closely seen, is a flashing warning signs where the weekly relativity index (RSI) decreases without a critical 50 % threshold, which reaches an important support level of $ 2.36.
This main technical indicator, which is often used to measure the momentum of the market, indicates a potential shift in feelings from ascending to landing. With the presence of RSI now indicates poor purchase pressure, investors are letting: Is this the beginning of a long decline for SUI?
SUI’s weekly RSI: A sign of weak momentum
The last SUI decreased in the weekly relative power index of less than the main 50 % threshold indicates a transformation of momentum, raising fears between merchants and investors. Low of the relative strength index to less than 50 % usually indicates increased fake pressure pressure. This collapse can indicate that sellers control, which may lead to increased fluctuations and more negative risks.
For SUI, this development is especially important because the cryptocurrency, which has periods of strong upward movement, is now facing the risk of a declining reflection. The RSI collapsed indicates that SUI market may diminish, and may open the door for the extended decline.
Moreover, the SUI price has now decreased to 50 % of the level of tension by Fibonacci, indicating the weakening of a bullish structure. Thus, the pressure pressure may be intensified, making it difficult for buyers to restore control. If the price fails to restore this critical level, the declining momentum may continue, which pushed the original towards the deepest support areas and confirming the prolonged correction.
If the RSI remains on a declining path, the road may pave the way for a decisive decrease to less than the support level of $ 2.36. This collapse may speed up the pressure pressure, pushing SUI to low support areas at $ 1.59 and $ 1.42, which enhances hippos.
What next? The main operators that can push for recovery
In order to restore SUI bullish momentum, many major players must be in line with a potential recovery. A strong bounce may indicate the main support levels, especially approximately $ 2.56 or $ 1.42, that buyers intervene to defend the price. When this happens, it is expected to reduce the pressure pressure, which paves the way to reverse.
Another decisive component of viewing is the level of Fibonacci’s re -imitation by 50 %, which recently decreased below. The decisive step above this level would indicate the regeneration of the upper power and serve as an early sign of recovery. In addition, the bullish step is likely to be as soon as RSI starts to form a bullish difference.
The broader market morale and total economic factors will play a major role in the Sui recovery. A shift in the direction of Bitcoin or the momentum of the general encryption market may lead to a recovery, allowing SUI to challenge resistance levels at $ 2.82 and $ 3.50.
