SUIBTC ยท Early reversal signal based on candle reading โ inverted hammer ๐ฝ
The market's conditions are slowly improving at the market level. The individual pairs are showing strong bullish activity today. We are witnessing really strong signals. Last month was early; this month 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 downtrend. There is one criterion needed for this hammer to be valid, which is confirmation this week. This week started red and is now fully green; activity is happening at the top of the candle. The inverted hammer as a reversal signal is confirmed. Confirmation only comes after the weekly session closes and the week is still small. A green close and we have a complete reversal signal based on the candle reading.
Last week we had the hammer and this week it dropped lower than last week's low. This week, December 1, 2025, is lower than the high compared to August 2024. We also have a higher high between February 2024 and January 2025.
Bitcoin reached 80,000 dollars and quickly moved back above 90K. Well, it's not a big deal to see that the collapse started at 126,000 dollars. But then it quickly dropped below 90,000 to reach 83,800 dollars and the next day, today, the movement challenges 92,000 dollars 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 continuation signal for the rise 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 of this from the charts. This bullish wave could 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 low occurred in early October, nearly 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 be volatile in the long term.
We are rising.
You are.
โ Trade here on $SUI
