The sui price led to a strong reversal for the daily closing and pushed the levels back into the bullish zone. The token was introduced a phase of tightening price campaign by showing a potential outbreak or breakdown. In the times when the broader market sentiments remained uncertain, the current reversal presents a mandatory matter for the bulls. However, a constant revival above the key ranges can validate an increase of $ 3.75 or levels above.
Now the question arises whether the bulls will keep a tight grip over the rally.
The Token shows enormous strength because it was the bearish pattern of H&S, which it was speculated to dragged the levels under $ 2.5. This keeps Token a potential demonstration of an increase of 90% that could increase the levels to new highlights. In the meantime, the bulls seem ready in the short term to push the price above $ 5, because it is ready to validate a ‘golden cross’.
The RSI floats around 44.83 and is about to rise above the RSI-based Ma. If it rises above the range, it could validate a bullish continuation, while the decrease in the CMF level points to bearish continuation, because it refers to a decrease in the cash flow on the platform. Only if the levels rise again above 0 can a bullish continuation. For this it is expected that the sui price will protect the levels above $ 3.5, which can push the price to $ 4.
That is why the SUI price forecast is bullish in the long term, but the short-term prediction remains shady.