- SUI’s recent price correction to $1.31 found strong support, indicating potential for further gains.
- The rounding bottom pattern in the SUI/USD pair suggests a possible breakout towards $2.00.
- Strong RSI, MACD, and CMF indicators signal robust bullish momentum for the SUI market.
The Sui (SUI) cryptocurrency has been in an uptrend, capturing the attention of investors and traders alike. Despite stiff resistance at the $1.50 mark, the digital asset exhibits bullish, solid momentum, hinting at potential future gains. In the last 24 hours, however, the SUI has experienced a slight price correction, causing some uncertainty among investors.
During the correction, the SUI price dipped to an intra-day low of $1.31, where support was found, leading to a bounce back toward the $1.40 level. This price action suggests that there is still strong buying interest in SUI, and investors may see this correction as a buying opportunity to enter or add to their positions. At press time, SUI was trading at $1.43, a 3.19% surge from the intra-day low.
SUI/USD 24-hour price chart (source: CoinStats)
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