Recently, the SUI price has been rising, and the coin may reach a new All-time high, but the change in sentiment indicates that this target may be difficult to achieve. Despite recent gains, the momentum of SUI is decreasing, and technical indicators point to an impending market reversal. One of the key focuses of SUIPA is that the Bollinger Bands are narrowing, indicating an upcoming squeeze in Volatility. When the squeeze occurs, the Bollinger Bands will narrow, typically resulting in sharp price movements, either upwards or downwards. The significant drop in volume also confirms the impending squeeze. The upcoming squeeze may lead to an increase in the Volatility of SUI, although there may be a Rebound at some point, the price may also fall. The decrease in volume indicates a reduction in investor activity, which may mean that AltCoins lack sufficient support to reach a new All-time high. The macro trend of SUI has also raised some concerns. The MACD indicator usually signals a downward trend reversal. It shows signs of early entry into a Bear Market. The Volatility brought about by the squeeze may be beneficial to shorts, especially since this will be the first bearish MACD crossover point for SUI in nearly a month. Through this bearish crossover, SUI price is more likely to maintain downward pressure. This reinforces the view that SUI will not create a new All-time high soon. The combination of technical indicators points to a potential reversal, and investors should be cautious.
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#你看好SUI后市表现吗? #Are you bullish on SUI’s post-market performance? Keep an eye on, because
Recently, the SUI price has been rising, and the coin may reach a new All-time high, but the change in sentiment indicates that this target may be difficult to achieve. Despite recent gains, the momentum of SUI is decreasing, and technical indicators point to an impending market reversal. One of the key focuses of SUIPA is that the Bollinger Bands are narrowing, indicating an upcoming squeeze in Volatility. When the squeeze occurs, the Bollinger Bands will narrow, typically resulting in sharp price movements, either upwards or downwards. The significant drop in volume also confirms the impending squeeze.
The upcoming squeeze may lead to an increase in the Volatility of SUI, although there may be a Rebound at some point, the price may also fall. The decrease in volume indicates a reduction in investor activity, which may mean that AltCoins lack sufficient support to reach a new All-time high. The macro trend of SUI has also raised some concerns. The MACD indicator usually signals a downward trend reversal. It shows signs of early entry into a Bear Market. The Volatility brought about by the squeeze may be beneficial to shorts, especially since this will be the first bearish MACD crossover point for SUI in nearly a month.
Through this bearish crossover, SUI price is more likely to maintain downward pressure. This reinforces the view that SUI will not create a new All-time high soon. The combination of technical indicators points to a potential reversal, and investors should be cautious.