BTCC
/
BTCC Square
/
Global Cryptocurrency
/
SUI Hits Key Resistance Following 75% Surge, Correction Expected Before Next Rally
SUI Hits Key Resistance Following 75% Surge, Correction Expected Before Next Rally
7
3
[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI’s rapid 75% price increase is showing signs of exhaustion as it approaches a critical resistance area. The combination of Fibonacci retracement levels and historical price action indicates a likely pause in the uptrend—despite the strong bullish momentum.
Technical analysis reveals a potential swing-failure pattern forming at the 0.618 Fibonacci level, which has historically acted as a significant barrier. This type of rejection often leads to a healthy pullback before the next upward move. Traders should prepare for possible short-term downside before the next potential expansion phase.
By:
Previous
Crypto Losses of $1.7 Billion Already Surpass Total 2024 Mark: Immunefi
Next
Visa and Bridge Partner to Launch Stablecoin-Linked Visa Cards in Latin America
