The growth of the Sui ecosystem coincides with oversold technical indicators near the long-term support level—this is why this area is so important right now.
SUI is currently trading around $1.55, testing the long-term rising support area between $1.30 and $1.60, which has historically triggered significant pump trends. Despite the RSI and other Momentum Index indicators (currently at 35.31) and the MACD indicator (showing a bearish trend) indicating market weakness, there are early signs that the selling pressure is easing. For a bullish reversal to occur, SUI must regain the resistance level at $2.09, with further target levels between $2.40 and $2.60, potentially reaching as high as $3.20. Conversely, if it falls below $1.40, it may dip to the support level at $1.00. Fundamentally, the ecosystem continues to rise, with the launch of the derivation platform AftermathFi being particularly noteworthy, enhancing market confidence in the long-term potential of SUI.
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The growth of the Sui ecosystem coincides with oversold technical indicators near the long-term support level—this is why this area is so important right now.
SUI is currently trading around $1.55, testing the long-term rising support area between $1.30 and $1.60, which has historically triggered significant pump trends. Despite the RSI and other Momentum Index indicators (currently at 35.31) and the MACD indicator (showing a bearish trend) indicating market weakness, there are early signs that the selling pressure is easing. For a bullish reversal to occur, SUI must regain the resistance level at $2.09, with further target levels between $2.40 and $2.60, potentially reaching as high as $3.20. Conversely, if it falls below $1.40, it may dip to the support level at $1.00. Fundamentally, the ecosystem continues to rise, with the launch of the derivation platform AftermathFi being particularly noteworthy, enhancing market confidence in the long-term potential of SUI.