- SUI maintained an optimistic market structure, but it seemed to turn short -term.
- The swing trader needs to support the $ 3 psychological round number.
SUI (SUI) recorded strong profits at the end of April, but accounted for 8.8%since Friday, May 2. On April 23, it was $ 2.78, exceeding the lower highs of the relocation, and regained the strong market structure on the day.
At that time, Bitcoin (BTC) gathered quickly from $ 85K to $ 93K. But over the last few days, BTC faced a $ 97K rejection and the SUI followed the downward trajectory.
SUI will be close to $ 3 next time
Source: SUI/USDT of TradingView
After almost all of the November rally until April, Altcoin ‘S Bulls resumes control. Even though the level of 3.5 was not defended by support, the market rescue was a strong signal.
The SUI rally over the last 10 days showed a significant capital flow to the market to stab your head more than +0.05. The MFI reflects the strength of the strength and has not yet formed a weakness of weakness for a day.
Together, indicators and price behaviors were optimistic for a day. The price drops to $ 3.06, $ 2.75 and $ 2.45 may be possible with the weak momentum of Bitcoin. Finally, the liquidation heat map provided more clues to the next SUI movement.
Source: COINGLASS
For three months, the liquidation heat map has been found to be an immediate liquidity pocket with $ 3.14 and $ 3 levels. Under it, the $ 2.8 and $ 2.3 levels were seen as magnetic zones. But this level may not be strongly attracted.
Therefore, the price is likely to move to $ 3 in the future. You can offer a chance to buy, but careful traders can measure the feelings around the BTC before buying the SUI.
For optimistic reversal, the $ 3.9 level is a liquidation cluster that Bulls can target next.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.