The SUI Crypto Asset seems to have recently lost market attention, and after more than a month of consolidation, its price movement is thought-provoking. From a Technical Analysis perspective, the current price level of SUI may become the starting point for the third wave Rebound on the daily chart.



Despite the recent significant drop, it is noteworthy that the overall pullback has not breached the key support level of the golden ratio 0.618. More importantly, during the decline, there have been clear divergence signals, which typically indicate that bearish forces are weakening.

This technical pattern provides a relatively favorable entry opportunity for short-term investors. Attempting to seize the rebound at the daily chart level from the perspective of risk-reward ratio may yield good returns.

However, investors should remain cautious and closely follow market trends and potential risk factors. The high volatility of the crypto assets market means that situations can change at any moment, making comprehensive analysis and risk assessment crucial before making any investment decisions.

As the market's attention to SUI may heat up again, the development dynamics of this project and the overall trends of the Crypto Assets market will be worth following in the near future.
SUI0.5%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
CryptoPhoenixvip
· 8h ago
I'm losing money but still entering the market. The more it falls, the more I invest. No breaking, no standing.
View OriginalReply0
EntryPositionAnalystvip
· 8h ago
Hesitation will leave you behind. Go for it.
View OriginalReply0
ThesisInvestorvip
· 8h ago
That's it!
View OriginalReply0
gas_fee_therapistvip
· 8h ago
All in, let's call it.
View OriginalReply0
ProbablyNothingvip
· 8h ago
The technical side is finally sounding the horn for a counterattack!
View OriginalReply0
LuckyBearDrawervip
· 8h ago
This trap is purely to deceive newbies.
View OriginalReply0
CodeAuditQueenvip
· 8h ago
The vulnerability in the random number generation of the hardware wallet determines this trend.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)