Sui Price has moved in a strong upward trend since it broke out from a long landmark that started early this year. After a decrease from the highest of $ 5, the symbol spent the months of trading in a declining channel. But this style finally ended when SUI broke the upper direction line in late April, which led to a strong crowd of about $ 4.50.
Now, SUI PRICE is in the cooling stage and is currently trading between $ 3.5 and $ 3.7. This area was a resistance during penetration and is now working as support.
The daily chart shows the price that belongs to this region typical The upscale continuation pattern. The structure resembles a bull mark, and if the price exceeds this main level, Sui may be ready to launch the next leg up.
Zayk plans shed spoiler with a penetration approach
Ziak diagramsAnd a famous analyst on X also referred to a two -hour SUI chapter. In their post, they showed how SUI was compressed between the highest levels and low declines within this spacious. This type of composition is usually a bullish preparation, especially when it is formed after a strong upward step.
According to The Chart Zayk Shared, the outbreak of Wedge can reach the price of SUI to about $ 4.35, which represents about 13 % of growth from the current levels.
Also read: PEPE price predictions for June: The main indicators turn into a rise
This would line up with the top of the last gathering and can serve as the following resistance to viewing. If a wedge broke out soon and the size supports this step, this will confirm that the last decline was just a healthy unification stage.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Read the recent encryption market updates, news and technical analysis here.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
