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In this analysis, I want to review the SUI coin for you, one of the coins that gained significant attention in 2024 and currently ranks 14th on CoinMarketCap with a market cap of $13.22 billion.
📅 Daily Timeframe
On the daily timeframe, this coin has formed a supply zone near $4, and for the past few months, the price has been struggling with it.
⭐ At the moment, after the latest rejection from this zone, a descending channel has formed, guiding the price slowly downward.
✅ The support level that the price has recently built is 3.1726, which has been tested twice, and now the price is moving toward the top of the channel.
🎲 If the channel breaks to the upside, we can consider opening a long position. The main bullish confirmation will come after breaking the upper resistance zone, but an early long position can be opened upon the breakout of 3.9071.
🔍 If the downward movement resumes and 3.1726 breaks, the move could extend to the next support area at 2.4378.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the SUI coin for you, one of the coins that gained significant attention in 2024 and currently ranks 14th on CoinMarketCap with a market cap of $13.22 billion.
📅 Daily Timeframe
On the daily timeframe, this coin has formed a supply zone near $4, and for the past few months, the price has been struggling with it.
⭐ At the moment, after the latest rejection from this zone, a descending channel has formed, guiding the price slowly downward.
✅ The support level that the price has recently built is 3.1726, which has been tested twice, and now the price is moving toward the top of the channel.
🎲 If the channel breaks to the upside, we can consider opening a long position. The main bullish confirmation will come after breaking the upper resistance zone, but an early long position can be opened upon the breakout of 3.9071.
🔍 If the downward movement resumes and 3.1726 breaks, the move could extend to the next support area at 2.4378.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.