Sui (sui) shows signs of a potential rebound while the price rises above the $ 2.80, which causes optimism among traders. After experiencing a period of close pressure, the cryptocurrency tries to reclaim the lost soil, which suggests that Bullish Momentum can build. This recovery is at a critical moment because maintaining support above this level can free the way for further upward movement.
The rally has drawn attention to the question of whether SUI is preparing for a more sustainable recovery or whether this increase is only a short -term response before another downward move. Despite optimism, the wider market remains very volatile and Sui is still confronted with important resistance levels that can determine the strength of this upward trend.
Sui -prize attempts recovery
The Price of Sui was confronted with rejection after an attempt to push higher, which indicates possible weakness in the current recovery attempt. After climbing to the 50% Fibonacci retracement level at $ 3,079, the cryptocurrency had difficulty retaining his upward momentum, which encountered resistance that came across further profit.
This rejection has caused a new decline, indicating that sellers defend important levels. As a result, the actively started losing traction, with Bearish pressure display again. The decline could accelerate, which leads to a deeper Retracement if the price does not find support at nearby levels.
Moreover, Sui is still struggling to get Bullish Momentum because it is under the 100-day simple advancing average (SMA) and remains under pressure from an important Bearish trendline. Usually this indicates that sellers are still under control, preventing an outbreak to higher levels. A decisive movement above these resistance points can indicate a trend removal, but the failure to do this can lead to more downward pressure.
Technical indicators: a mixed image
From a technical perspective, the recent recovery above $ 2.8 is a promising development. Sui’s advancing average convergence -Divergency (MACD) shows early signs of a bullish crossover, which can indicate an upward potential if the momentum continues.
However, the challenges remain with the $ 3.5 level that is cited as an important resistance zone and the failure to break hints during renewed sales pressure. Moreover, trade volumes improve, but they are still under their peak levels.
In conclusion, Sui must overcome two major obstacles to confirm a meaningful recovery: the 100-day SMA and the Bearish Trendlijn. A break above these levels, accompanied by a strong volume, can open the door to higher price objectives, including $ 3.0 and then. On the other hand, there is a failure to keep a retest above $ 2.8 to lower the support levels, creating the downward trend again.
