The price has been rising and declining recently. Market analysis shows that it follows a declining direction after it has reached more than $ 5.50 in late 2023. In recent weeks, the price has decreased to about $ 3.08 and appears to be settled around the level of support.
Looking at the charts, SUI is traded in a declining channel, and it is a declining pattern above and down. If it remains higher than the support level from $ 2.50 to $ 3.00, we may see back. The exit from this landmark can pay the price about $ 6 and $ 7.
Sui support and resistance levels to watch
The range of $ 2.50 to $ 3.00 was a stable basis for bi -up movements before, making it important for merchants to watch it. Staying above this level may mean that buyers return.
On the side of the resistance, short -term levels are marked at $ 3.50 and $ 4.00, as conflicts were observed in the previous prices. A stronger resistance is located at $ 5.34, which is the highest level. If the SUI prices are broken over these barriers, the probability of reaching the target of $ 7 may increase, with some market expectations.
Moreover, the recent price movements and the general feeling about SUI were the subject of discussions about X. Crypto Expert Lucky indicating optimism about SUI’s long -term growth. Tweets indicate an increasing number of new projects and talent that enter the ecosystem, which the analyst believes can push the distinctive symbol to the ten best categories in the market.
The tweet also acknowledges the current prices, but it indicates that it is part of a larger market cycle, with strong upward movement expectations soon. However, as emphasized in the post, the perspective is racket, and merchants urge to conduct their research before making financial decisions.
Also read: The main exchanges of the PI (PI) inserted as is the case in launching the distinctive symbol – is the following Binance?
Future SUI prices and market considerations
SUI remains in a stage where technical indicators and market morale play a decisive role in shaping its next step. Traders are monitoring to see if the current support carries and leads to outbreak, or whether the prices continue to decline. The penetration of the landline line would confirm a shift in momentum and may lead to a crowd towards those higher goals.
Despite the optimism of society, The equal price is still dependent on the total market Conditions, how investors feel, and available liquidity. With the development of the market, traders continue to assess technical patterns and external developments that affect the SUI path.
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