SUI showed strength after a decisive re -test of the previous resistance level. After this re-test, the price has seen some upward movement, which the DAMI-Defi encryption is seen as a strong and listener for SUI.
The analyst suggests that reaching $ 10 is now reaching hand, and it represents a large possible aspect of current levels of about $ 3.50.
Technical analysis shows promising signs
Sui/USD weekly price scheme reveals a fans technician preparation. Cryptocurrency recently tested a big line in the direction of the previously resistance but has now turned into support – a classic upscale signal in technical analysis. After reaching heights above $ 5, SUI withdraw To about $ 3.65, where I found a strong purchase benefit.
according to Dami Devi AnalysisThis bounce off the direction line indicates a large market strength. The weekly graph displays a series of higher highlands and upper declines, which places a clear upward trend that supports the bullish narration.
Sui analyst targets $ 10
“$ sui just re -broken resistance. Looks strong! $ 10 $ sui is only a matter of time,” ” DAMI-Defi Countries in updating the last market. This goal is a great step from the current level, but the artistic structure indicates that it can be achieved in the broader upward trend.
Also read: Cardano (ADA) shows a strong bounce – is this the beginning of the reflection of the trend?
The current market structure appears to be especially favorable. While the direction line carries support, SUI maintains the possibility of re -testing its highest levels, but it is likely to push the ambitious target of $ 10. The successful re -test of the previous resistance level adds credibility to this upward view.
However, merchants should remain vigilant. Failure to maintain support in the current trend can lead to a deeper decline, which is likely to experience low support levels about $ 2.50 or less. The weekly closure over the trend line will be very important to confirm the continuation of the bullish trend that Dammi Devi expects.
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