Since the encryption market is witnessing a slight increase in fear, the Sui symbol is struggling to maintain its positive direction. Satisfied with a declining style, the short -term recovery in the SUI price takes a rapid shift.
Currently, the SUI code is trading at the market price of $ 2.27 while maintaining the maximum market of $ 7.22 billion. As the nineteenth encrypted currency, SUI has seen a simple recovery of 4.40 % in the past seven days. Amid the increasing fear, is the SUI price to collapse to less than a sign of $ 2?
Sui price analysis
In the price scheme for 4 hours, the SUI price is offered a decrease channel. Within the falling channel, Sui Token recently received strong support near the two -dollar psychological brand.
Along with psychological support, the local support line helped the upward return. However, the run -off operation fails to continue the high -training direction.
With a double top near the $ 2.35 sign, the SUI price is a rapid decline over the past 12 hours, creating a third consecutive dumping candle. With the highest price rejection, SUI approaches the decline at $ 2.21 of a double -top style.
Inside Bollinger Band, SMAL’s short -term recovery was violated. Moreover, Polyinger’s domains have taken a side shift and a potentially annoyed pressure.
Currently, the SUI price trend reflects the unification between the center’s axis level at $ 2.21 and R1 resistance at $ 2.46.
Sui price goals
Despite the increasing increasing, the analyst Ali Martinez hints to a possible recovery. At the end tweetThe analyst sheds light on a big step coming for SUI with the bullish collapse of a possible upward pattern in the hourly chart. The upper ceiling of the triangle style is adopted at $ 2.40 as a decisive resistance.
Based on Fibonacci levels, the budget penetration is likely to test a brand of $ 2.73. Meanwhile, the potential collapse is likely to test a sign of $ 2.25, followed by the following support at the psychological level of $ 2.00.
Tips for the recent decline in a possible collapse of the triangle style. Moreover, SUI price is likely to restore a negative direction within the falling canal style.
According to the PIVOT POINT index, it is likely that the fall of the center axis at $ 2.21. Since this level also represents the neck line of the double upper style, it is possible that the collapse feeds the patch.
In such a case, the S1 PIVOT level will be near the two -dollar psychological brand is the level of immediate support in the upward direction. Despite the unbearable opportunities for strong recovery, the general goals are at $ 2.46 and $ 2.70.
