Dosto, today Sui $SUI is showing some pressure in price. In the last 24 hours, the market is down about 5% and is currently trading between $0.87 - $0.90. However, there is some correction in the entire crypto market, but the next few days are very important for SUI.
Technical Levels you should be aware of:
Support: The specific support zone $SUI is $0.85. If the price bounces from here, we might see recovery again.
Resistance: To start an uptrend, $SUI must break the levels of $0.95 and then $1.05.
What should be done now?
Currently, the RSI (Relative Strength Index) is in a neutral zone, indicating a slight accumulation. This could be a good buying zone for long-term holders, but short-term traders should wait for a breakout at $0.95.
Disclaimer;
(Always remember that the crypto market is volatile, so make sure to do your research (DYOR) and use stop-loss as necessary!)
What is your opinion? Will SUI bounce from here or touch $0.80? Let us know in the comments below! 👇
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