CandleFocus SUI Bulls Gear Up, Can They Push Through The $1.16 Ceiling?
2024-09-12
Author: Content Editor
The cryptocurrency SUI is experiencing bullish momentum and is aiming to break through the $1.16 resistance level. Analysts are examining technical indicators and market trends to determine if SUI can sustain its upward movement or face a setback. On the 4-hour chart, SUI is trading above the 100-day SMA and showing strong positive momentum. The RSI is also indicating increased buying pressure. On the 1-day chart, SUI is making a bullish move towards the $1.18 resistance level, supported by the formation of a hammer candlestick. The RSI on this chart is also signaling bullish pressure. A break above the $1.16 resistance level could lead to higher targets, while a rejection could result in support near $0.8411. At the time of writing, SUI was trading at around $1.02 with increased market capitalization and trading volume.
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