Sui maintained a decisive support level, which caused optimism among merchants. According to Cilinix Crypto, the distinctive symbol displays strength signs after defending a major range. Market movements indicate a possible batch of about $ 3.50, although the penetration is still uncertain.
Two days ago, SUI fell to a critical support zone ranging from $ 2.95 and $ 3.00. The analyst stressed the importance of this level in maintaining the market structure. The collapse could have a decrease of about $ 2.40-2.20 dollars, which represents a decrease of 30-35 %.
However, SUI held a company and even shattered more than $ 3.16, indicating a possible transition to the top of its trading range near $ 3.65. Since February 2, the distinctive symbol has been combined between $ 2.95 and $ 3.65, which is a predictive structure for merchants.
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The analyst revealed that he initially expected SUI to get support, but refrained from trading. Later, he took a long position after the price crossed $ 3.16. However, it came out when entering due to uncertainty in the market. Some members of the Trade Group held at their positions and are now in profit.
Despite the elasticity of only, the market is still cautious. The expert pointed out that although the price movement is rising, the volume levels did not rise significantly. The stable trading volume indicates sustainable price procedures, but the penetration will require higher participation.
The analyst expects SUI to climb about $ 3.50 – $ 3.55 in the short term. However, the strong collapse of more than $ 3.65 appears unlikely due to the weak trading sizes in TVL and DeX. The broader encryption market, including bitcoin, was slowly slow, which reduced the possibility of immediate outbreak.
The step that exceeds the current levels is inevitable, but market conditions are not favorable yet. The analyst has confirmed that merchants should monitor more developments in TVL and Volume before Expect a higher payment.
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but A possible short opportunity in resistance
If SUI reaches a range of $ 3.50 – $ 3.65, the analyst sees a short chance. The market can reject this level, which leads to a decline in about $ 3.00 to $ 3.15. Traders looking for short jobs may find this attractive area.
In general, SUI remains very circulating due to its well -specified range. The analyst believes that the distinctive symbol structure makes it attractive to long and short trading. If market conditions improved, it is still possible to collapse.
According to Coingecko, SUI trading at $ 3.43In publication. The distinctive symbol has a 6.57 % increase in the last day. However, it decreased by 1.64 % during the past week.
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