📐 Urgent Technical Update: Coin $SUI
Fights to maintain levels at $0.70 📉
After the rapid drop and panic selling the market experienced, Coin $SUI is currently trying to build a price base for consolidation after testing levels at $0.69. Here’s the live technical map update for the critical levels:
• Current price: The price is now swinging in a tight range between $0.6920 and $0.7050, attempting to absorb the selling shock.
• Current market structure: The price is in a sharp downward trend on smaller timeframes, but signs of selling momentum exhaustion are showing (Decline Exhaustion) as buyers attempt to defend the psychological barrier at $0.70.
🎯 Critical support and resistance levels:
• Immediate support areas: The recent low at $0.6850 acts as the first line of defense. Breaking this level and closing below it will lead the price directly to test the historically fierce support zone between $0.57 and $0.60.
• Nearby resistance levels: The first obstacles to the upside are concentrated at $0.7350, followed by a fierce resistance area (previously broken support) between $0.79 and $0.81 that requires massive liquidity to break through.
📊 Momentum Indicators (RSI):
The Relative Strength Index (RSI) on the 4-hour chart has started to slightly turn upwards from the severely oversold levels (below 25), which gives an initial signal for a potential corrective upward bounce if Bitcoin's movement stabilizes.
#SUI #SuiNetwork #TechnicalAnalysis #BinanceSquare #SUIUSDT
Fights to maintain levels at $0.70 📉
After the rapid drop and panic selling the market experienced, Coin $SUI is currently trying to build a price base for consolidation after testing levels at $0.69. Here’s the live technical map update for the critical levels:
• Current price: The price is now swinging in a tight range between $0.6920 and $0.7050, attempting to absorb the selling shock.
• Current market structure: The price is in a sharp downward trend on smaller timeframes, but signs of selling momentum exhaustion are showing (Decline Exhaustion) as buyers attempt to defend the psychological barrier at $0.70.
🎯 Critical support and resistance levels:
• Immediate support areas: The recent low at $0.6850 acts as the first line of defense. Breaking this level and closing below it will lead the price directly to test the historically fierce support zone between $0.57 and $0.60.
• Nearby resistance levels: The first obstacles to the upside are concentrated at $0.7350, followed by a fierce resistance area (previously broken support) between $0.79 and $0.81 that requires massive liquidity to break through.
📊 Momentum Indicators (RSI):
The Relative Strength Index (RSI) on the 4-hour chart has started to slightly turn upwards from the severely oversold levels (below 25), which gives an initial signal for a potential corrective upward bounce if Bitcoin's movement stabilizes.
#SUI #SuiNetwork #TechnicalAnalysis #BinanceSquare #SUIUSDT