Sui (SUI) at Critical $4 Juncture: Technical Warnings Clash with Bullish Fundamentals
- SUI struggles below $4 resistance amid bearish RSI divergence and short-term weakness.
- Strong network fundamentals boost SUI, with TVL rising 70% to $2.06 billion recently.
- User growth surges 35%, signaling accelerating adoption and potential price rallies ahead.
Sui (SUI), an emerging altcoin, is currently at a critical price point that could shape its near-term future. Trading around $3.88 as of press time after a 3.05% earlier dip, SUI is fighting against the significant $4 resistance level. This holds the altcoin at a crossroads, with technical indicators and fundamental metrics painting a mixed picture.
Trader_XO Signals Caution, Points to Bearish Technicals for SUI
Trader_XO, a well-known analyst, remains cautious in the short term. He highlights that SUI faced a firm rejection at the $4.24 resistance, slipping to $3.68. A bearish divergence on the RSI shows that upward momentum is fading. Unless SUI can convincingly reclaim the $4 level, he expects a deeper correction. The key support levels to watch are $2.83 and $1.83.
Besides, the price structure suggests short-term weakness. Trader_XO believes that if SUI fails to close above $3.92–$4.00, t…
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Sui (SUI) at Critical $4 Juncture: Technical Warnings Clash with Bullish Fundamentals
- SUI struggles below $4 resistance amid bearish RSI divergence and short-term weakness.
- Strong network fundamentals boost SUI, with TVL rising 70% to $2.06 billion recently.
- User growth surges 35%, signaling accelerating adoption and potential price rallies ahead.
Sui (SUI), an emerging altcoin, is currently at a critical price point that could shape its near-term future. Trading around $3.88 as of press time after a 3.05% earlier dip, SUI is fighting against the significant $4 resistance level. This holds the altcoin at a crossroads, with technical indicators and fundamental metrics painting a mixed picture.
Trader_XO Signals Caution, Points to Bearish Technicals for SUI
Trader_XO, a well-known analyst, remains cautious in the short term. He highlights that SUI faced a firm rejection at the $4.24 resistance, slipping to $3.68. A bearish divergence on the RSI shows that upward momentum is fading. Unless SUI can convincingly reclaim the $4 level, he expects a deeper correction. The key support levels to watch are $2.83 and $1.83.
Besides, the price structure suggests short-term weakness. Trader_XO believes that if SUI fails to close above $3.92–$4.00, t…
The post Sui (SUI) at Critical $4 Juncture: Technical Warnings Clash with Bullish Fundamentals appeared first on Coin Edition.
Read More