SUI Defends $3.50 Support as 13% Breakout Potential Emerges
SUI is currently defending the $3.50–$3.60 support zone, indicating potential recovery signs with a rounded bottom formation. Analysts suggest a possible breakout of 13% towards $4.60 if the current setup holds.
SUI Price Analysis
- Price stabilized around $3.64 after recent dips, suggesting buyer interest.
- The 5-day moving average crossed above the 10-day moving average, indicating early bullish momentum.
- The Relative Strength Index (RSI) is neutral at 50, showing balanced buying and selling pressure.
- MACD shows a bullish crossover but low trading volume suggests caution in trend confirmation.
Support Zone Analysis
- SUI's price structure shows a rounded bottom around the $3.50–$3.55 zone, historically a strong demand area.
- A recovery exceeding 13% to about $4.60 is projected within six days if support holds.
- For a confirmed bullish breakout, SUI must reclaim the $3.70 level decisively.
