- In the daily chart, the price of the SUI showed that $ 3 support was a must.
- In recent weeks, if there is a lack of steady losses and strong convictions, the price may drop to $ 2.43.
SUI (SUI) once again restarted the level of psychological $ 3 support. It previously tested this level a week ago and bounced almost 20%to reach the $ 3.6 supply area.
These bounce may not be repeated immediately, considering the remaining market status.
Liquidity is lower SUI
Source: SUI/USDT of TradingView
The price behavior of higher periods was not too weak. According to the weekly chart, the swing point is $ 1.75 and $ 5.24, and the price is supported.
Daily and low periods have shown a weak increase over the last month.
The cool oscillator has a red bar on the histogram, increasing the downward momentum. However, the CMF has not yet fallen below -0.05, which will inform a significant capital outflow.
The bottom line is that the driving force of pressure and weakness was widespread, but there is hope that the downward trend will be stopped at $ 3 or $ 2.43.
These two levels were the core levels of Bulls because of the importance of fibonacci reconsideration.
Source: COINGLASS
The three -month liquidation heat map is a significant liquidity pocket around the price, shining at $ 2.84 and $ 3.9. There were magnetic zones of $ 3.2 and $ 3.53, but they were low.
Source: COINGLASS
The liquidation hit map for two weeks coincided with three months of discovery. It also emphasized the importance of $ 2.84 as a short -term price goal.
It was likely that the SUI price would test this level before trying to recover.
To the north, the liquidation level was relatively rare to $ 3.37-$ 3.53.
The lack of liquidation level showed fast price bounce opportunities from $ 2.84 to $ 3.52, but such movements depend on the emotions of the entire market.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.