#SUI #SUIBTC #Altcoins #SUI🔥 #SUIUSDT
The market conditions are slowly improving at the market level. Single pairs are showing strong bullish activity today. We are witnessing really strong signals. Last month was early; this month, it is close. For many projects and trading pairs, the bullish trend is already present. Let's take a look at SUIBTC.
Last week produced an inverted candle pattern after 11 months of bearish activity, at the end of a bearish trend. There is one criterion required for this hammer to be valid, which is confirmation this week. This week started with red and now is fully green; activity is happening at the top of the candle. The inverted hammer as a reversal signal is being confirmed. Confirmation only comes after the weekly session closes, and the week is still small. A green close gives us a complete reversal signal based on the candle reading.
Last week we got the hammer and this week it dropped below the low of last week. This week, December 1, 2025, is lower compared to August 2024. We also have a higher high between February 2024 and January 2025.
Bitcoin reached $80,000 and quickly returned to moving above $90K. Well, there's no big deal in seeing that the collapse began at $126,000. But, after that it dropped below $90,000 quickly to reach $83,800 and the next day, today, the movement challenges $92,000 as support again. That's it. This signal acts as a bullish continuation, early of course but very strong. The market fully reacted to this movement and here we have SUIBTC.
The inverted hammer occurred last week. So while the bullish continuation signal happens only today, we have been looking at bullish signals across the altcoin market for several months. This should be enough to support the next bullish wave. All from the charts. This bullish wave can develop over 1-3 months, depending on the pair. This bullish wave has been in the making for several months. While prices are still low, the bottom occurred in early October, almost two months ago. It's normal to see prices rise after a strong period of downward movement. We will see a correction after the bullish wave ends. The market will continue to fluctuate in the long term.
We are rising.
Namaste.
✅ Trade here on $SUI