ðParadisers, #SUI is currently cruising within a descending channel, gathering momentum for a breakout.
ðOnce it breaks out, we'll wait for a retest for confirmation before planning our trade. This retest phase often follows a breakout and provides an excellent opportunity to confirm bullish momentum. If #Sui holds support at $1.003 and continues its upward ascent, the next target lies in the resistance zone we've projected.
ðHowever, if #SUIUSDT struggles to maintain support and dips back into the channel, it could signal a weakening bullish trend. In this case, the price may fall further to the next significant support level at around $0.88.
ðHistorically, SUI has shown resilience by rebounding decisively from this level. If this pattern holds, a strong bounce could occur. A decisive candle close below this support will challenge the bullish outlook, indicating a shift toward a more bearish trend.
MyCryptoParadise
iFeel the success
ðOnce it breaks out, we'll wait for a retest for confirmation before planning our trade. This retest phase often follows a breakout and provides an excellent opportunity to confirm bullish momentum. If #Sui holds support at $1.003 and continues its upward ascent, the next target lies in the resistance zone we've projected.
ðHowever, if #SUIUSDT struggles to maintain support and dips back into the channel, it could signal a weakening bullish trend. In this case, the price may fall further to the next significant support level at around $0.88.
ðHistorically, SUI has shown resilience by rebounding decisively from this level. If this pattern holds, a strong bounce could occur. A decisive candle close below this support will challenge the bullish outlook, indicating a shift toward a more bearish trend.
MyCryptoParadise
iFeel the success
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