The SUI/USDT market recently retested the $4.00 resistance after an extended period of ranging and has since slipped toward the lower boundary of its ascending channel. The price is now approaching the $3.50 support zone, a critical area that may spark a bullish rebound and continuation of the current structure.
The trend remains defined by higher lows, with price action contained within the upward-sloping channel. A strong reaction near the blue trendline support could pave the way for a move toward the $4.50 resistance
The trend remains defined by higher lows, with price action contained within the upward-sloping channel. A strong reaction near the blue trendline support could pave the way for a move toward the $4.50 resistance
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.