📊 Consolidation, then explosion for this altcoin?
The price of Sui (SUI) has been in a bearish trend for several months. But for the past few weeks, the price has been consolidating, and if the bulls regain control, SUI could start to rise again!
👉 sector: Layer 1
👉 weekly situation: Consolidation
Now let's move on to the technical analysis:
➡️ bullish signal: maintaining 0.79$ at close, moving above the moving averages (EMA13/MA30), closing above 2$, RSI crossing above the trendline (bull momentum)
➡️ possible targets: 5.2$ / 9.3$ / 24$
➡️ invalidation: loss of 0.79$ at close
$SUI
The price of Sui (SUI) has been in a bearish trend for several months. But for the past few weeks, the price has been consolidating, and if the bulls regain control, SUI could start to rise again!
👉 sector: Layer 1
👉 weekly situation: Consolidation
Now let's move on to the technical analysis:
➡️ bullish signal: maintaining 0.79$ at close, moving above the moving averages (EMA13/MA30), closing above 2$, RSI crossing above the trendline (bull momentum)
➡️ possible targets: 5.2$ / 9.3$ / 24$
➡️ invalidation: loss of 0.79$ at close
$SUI