SUI price has dipped 2.66% in the last 24 hours, falling below the $2 psychological mark to $1.90, with a market cap of $5.29 billion.
The daily chart shows a rounding bottom pattern, but the price faced resistance at $2.07, forming an evening star pattern after a 1.51% drop.
Key EMAs (50-day, 100-day, 200-day) remain bullish, acting as dynamic support.
MACD and signal lines indicate uncertainty, moving sideways without clear momentum.
A bearish candle hints at further downside, with the next support level at $1.74 based on Fibonacci retracement.
A potential neckline breakout could fuel a 50% rally, pushing SUI to the $3 mark.
The daily chart shows a rounding bottom pattern, but the price faced resistance at $2.07, forming an evening star pattern after a 1.51% drop.
Key EMAs (50-day, 100-day, 200-day) remain bullish, acting as dynamic support.
MACD and signal lines indicate uncertainty, moving sideways without clear momentum.
A bearish candle hints at further downside, with the next support level at $1.74 based on Fibonacci retracement.
A potential neckline breakout could fuel a 50% rally, pushing SUI to the $3 mark.
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