After 70 % increased in recent weeks, SUI has faced a rapid correction, with 10 % of its value during the past three days. Despite the strong bullish momentum that pushed Altcoin to the spotlight, sudden withdrawal did not shake investors.
The broader expectations of SUI remain intact, as the scales indicate the series and market indicators that this decrease may not be more than slow.
Sui investors can rejoice
Si -moving average for 50 days is about to exceed EMA for 200 days. This near midwife indicates that SUI can soon witness a golden cross-a strong technical sign that indicates a long-term transformation.
If the intersection is complete, this will represent the end of the Soy’s death, which started seven weeks ago.
Such a shift is likely to encourage purchase regeneration. Often the golden cross precedes large gatherings, and with the gain of a price of approximately 70 % before the last decline, the upscale feelings appear far from vanishing. “
The SUI (RSI) has recently violated the excessive purchase threshold, which led to a slowdown as merchants seized profits. This relative strength index decline corresponds to a decrease in the price of 10 %, indicating that the original has been temporarily increased and needs stability.
Despite the decline, the relative power index remains within the upward lands, hovering under the peak area. This means that although the gathering has stopped temporarily, the general trend remains healthy, and additional gains on the horizon may be if the purchase volume increases again.
The SUI price aims to bounce again
At the time of the press, SUI is traded at $ 3.16, after it fell to less than the main support level during the past 24 hours. A 10.77 % decrease of Altcoin failure stems from a resistance level of $ 3.59, which is doubled by the slow market slowdown. However, the correction is seen by many merchants as temporary.
The broader indicators continue to reflect the upward conditions. The nearby golden cross, flexible RSI, strong bullish momentum all hints that can soon restore $ 3.16 as support. If the momentum returns, the original may re -test $ 3.59 and may exceed it, and resume the previous recovery path.
However, the recovery delay can change the text program. If SUI fails to restore $ 3.16 soon, Altcoin risks more sliding. Failure to violate $ 3.39 or safe support at $ 3.18 can send the price about $ 2.77, which may lead to the nullity of the upholstery and indicating the reflection of the direction.
Disintegration
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