Is SUI Bottoming Out? Bulls Show Immense Strength at Key Levels!
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Yello, Paradisers! Could this be the moment #SUIUSDT finally locks in a strong bottom? The price has just retested a major breakout level, leaving behind a long lower wick—a clear sign of aggressive buying at lower levels. The question is, are the bulls ready to take full control? Let’s break it down.
💎#SUI is currently sitting on multiple layers of strong protection, reinforcing the possibility of a long-term bottom and reversal. The first key level is at $3.05, where moderate support has formed. Since November 12th, SUI has not closed a single session below the $3.00 mark, proving that bulls are fiercely defending this zone.
💎But that’s not all. An even more critical support region lies between $2.45 and $2.30—this was the major breakout zone that fueled the last explosive rally. This area is further fortified by the 200-day moving average (MA-200), making it an incredibly tough level for sellers to crack. Any bearish move into this zone will likely face serious resistance, forcing sellers to think twice before pressing lower.
💎Meanwhile, bulls are flexing their strength, successfully rejecting a deeper downturn. If this momentum holds, SUI is well-positioned to test the $4.20 - $4.50 resistance zone next. But here’s the real game-changer: a breakout above this level, backed by strong volume, could trigger a major upside move, setting SUI up for a run toward $6.80 - $7.20.
Paradisers, as always, patience and precision are key in this market. This isn’t a time for reckless trades—let the levels guide you, trade strategically, and stay disciplined.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.