The worth of Sui (SUI) is in a sideways development and is beneath the $4.00 resistance stage.
Sui worth long-term prediction: bullish
On July 14, as Coinidol.com wrote, the cryptocurrency rose to its historic worth of $4.00 for the second time. If the SUI worth now breaks above the $4.00 resistance stage however fails to take care of the bullish momentum above it, SUI will rise to a excessive of $5.35.
At present, the $4.00 stage has not been damaged since Might 11. The altcoin was rejected on the final excessive and fell beneath the shifting common traces of the earlier worth stage. Though SUI is rejected once more immediately, the altcoin is in an uptrend and has risen again above $3.69. The altcoin is making ready for a bullish transfer by fluctuating beneath resistance. The present worth of SUI stands at $3.80.
SUI worth indicators evaluation
The shifting common traces are pointing upwards in a sideways development. On the decrease timeframe, the value bars are shifting beneath and above the shifting common traces. Doji candlesticks have developed, indicating that merchants are undecided concerning the market course.
Technical indicators
Key provide zones: $4.00, $4.20,$4.40
Key demand zones: $3.00,$2.80,$2.60
What’s the subsequent transfer for SUI?
SUI’s worth is shifting sideways on the 4-hour chart. The cryptocurrency is buying and selling in a slim vary, above the $4.70 help and beneath the $4.100 excessive. The worth bars have remained stationary contained in the restricted vary. This means that merchants are undecided concerning the subsequent transfer.
Disclaimer. This evaluation and forecast are the non-public opinions of the writer. They aren’t a suggestion to purchase or promote cryptocurrency and shouldn’t be seen as an endorsement by CoinIdol.com. Readers ought to do their analysis earlier than investing in funds.
