CandleFocus Market Signals Point to Potential Uptrend in SUI Price
2024-10-29
Author: Content Editor
The price of the cryptocurrency SUI is showing signs of recovery, with a 20% increase in the last 24 hours. The Total-Value Locked (TVL) has also increased to $970 million, indicating renewed interest from users. The BBTrend suggests a potential shift from bearish to bullish, while the EMA lines hint at an upcoming "golden cross" which is a positive signal for upward movement. The BBTrend has been gradually recovering from its negative state and the EMA lines are nearing a crossover, both indicating a weakening of bearish momentum. The immediate resistance for SUI is at $2.16, with a potential gain of 19.7% if breached. However, failing to establish an uptrend could lead to a downtrend and test support levels at $1.74 and $1.60.
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