SUI's recent price pattern is highly similar to BNB's before its bull market. Breaking through $2.15 and $2.40 could trigger an upward trend, but the risk of falling below $1.80 should be noted.
Recently, SUI's chart movements have shown a high degree of similarity to the technical patterns exhibited by BNB (Binance Coin) before the start of its previous bull market, drawing market attention. From a price structure perspective, SUI has completed a significant round of correction and formed a classic double bottom reversal pattern in a key support area, accompanied by a moderate increase in trading volume, indicating that potential bullish momentum is accumulating.
To confirm the validity of this reversal signal, the market needs to consistently break through two key resistance levels: first, the upper edge of the recent trading range at $2.15, and second, the $2.40 area where the previous high was located. If the price can firmly stand above these two levels with sustained buying inflow, SUI is expected to start a new round of upward trend, with a target potentially pointing to the psychological barrier of $3.00.
However, risks still exist. If the price fails to break through $2.15 and falls back below $1.80, the current bullish structure may fail, and the market may return to a range-bound pattern, or even further test the $1.60 support level. Investors should pay close attention to changes in trading volume and overall market sentiment, and avoid heavy positions before the signal is confirmed. Technical patterns are only a reference, and the real trend still needs to be judged in combination with on-chain data and market news.
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