$SUI
$SUI Ready for a Breakout? 🚀 1H Chart Analysis
The market is showing some interesting moves for $SUI right now. After a brief consolidation, the technicals are starting to look bullish on the 1-hour timeframe.
Key Technical Observations:
✅ Price Action: SUI successfully bounced off the $1.746 support level. It is currently trading above the Middle Bollinger Band, signaling a shift in momentum from bearish to bullish.
✅ MACD & KDJ: We are seeing a "Golden Cross" on the KDJ and a positive crossover starting on the MACD histogram. This suggests that buying pressure is increasing.
✅ RSI (10): Sitting at 58, which is the "Sweet Spot." It’s trending upward but far from being overbought, leaving plenty of room for a price rally.
✅ Volume: OBV (On-Balance Volume) is ticking up, confirming that money is flowing back into the asset.
Targets & Support:
🎯 Target 1: $1.840 (Upper Bollinger Band)
🎯 Target 2: $1.852 (Recent Resistance)
🛡️ Support: $1.746 (Must hold for the bullish thesis to remain valid)
The Bottom Line:
If SUI holds above the $1.80 psychological level, we could see a quick move toward the $1.85 zone. However, keep an eye on Bitcoin's movement as it often dictates the altcoin direction.
What do you think? Is SUI heading to $2.00 next, or will it retest the lows? Let’s discuss in the comments! 👇
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