The SUI post -price prediction and analysis: is there a $ 10 rally? First appeared on Coinpedia Fintech News
The sui -price card is still stuck in a correction phase that started in May, and so far there is no convincing sign of a new rally. The price is still under downward pressure, especially on the shorter schedules, despite a few small attempts for recovery.
Analysts think that the correction has not yet been completed based on the general pattern. The most recent analysis shows that the market should ideally dive slightly lower before it prepares for a price peak.
In the short term, Sui has already withdrawn from the most recent May Highs and still follows a consistent pattern. The price recently tested support at $ 3.05; If it falls below this level, it can quickly go to the next support for $ 2.79. According to the general mood of the market, a decrease is possible before a good recovery can begin.
Analyst A good eye on the $ 3.38 for a possible bullish turnaround. A considerable price rally can start if sui is able to break above this level. But unless this happens, the downward pressure will probably continue for the time being.
Bullish Picture for Sui:
Has given an expert A positive report on sui, which indicates that token is currently in a bullish consolidation period. The analyst said that the price is still under a resistance area – called the forest zone – that the market structure is currently local Bearish.
However, the mood can quickly become positive if the price manages to exceed that important level. The expert said that traders should look for a clear breakthrough and then re -test the retest of the zone. If the price remains safe there, it would be a good sign of a bullish reversal in the trend. After Sui goes into price discovery, it can reach more than $ 10 in his next big rally.