CandleFocus SUI Breaks Bear Trap, Targets New Gains
2024-10-30
Author: Content Editor
The native token of the Layer-1 Move-programmed blockchain, SUI, is seeing renewed buying interest after a recent decline. It dropped to a 14-day low but is now trading at $2.06 and may continue to see gains. The altcoin is attempting to re-enter its rising parallel pattern, suggesting a potential trend reversal or recovery. The increase in trading volume and rising Relative Strength Index (RSI) also indicate increased demand. If SUI breaks above the critical resistance at $2.30, it could reclaim its all-time high. However, a failure to breach this resistance could send the price downward.
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