SUI is following the broader altcoin market and entering a correction phase. As shown in the chart, SUI has already broken through two key support levels and is now hovering just above a critical support at $2.95.If this level fails to hold, the next major support lies within my green box at $2.20 — which could present a strong buying opportunity.
However, proper risk management is essential — make sure to place your stop losses accordingly.
DYOR (Do Your Own Research).
#SUI #Altcoins #CryptoCorrection #SupportLevels #BuyTheDip #CryptoTrading #TechnicalAnalysis #DYOR
DYOR
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SUI is doing what we expected and we reached our buy zone. Now as explained $2.95 must hold, and the end of the week will answer to this question. I think that this week end we might see a bottom/Trade closed: target reached
The price dropped to $2.90 as expected, found support, and was rejected from lower levels. However, I don’t believe this is the final bottom yet — another test is likely if Bitcoin faces rejection at the resistance zone around $106K.Note
SUI bulls kept SUI from falling below my support line. $3 is a strong support area.The market is very uncertain so it is very hard to forecast anything atm
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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.