SUI Price Forecast: SUIUSD Abounds in Downward Trend 
Login

SUI Price Forecast: SUIUSD Abounds in Downward Trend 

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


SUI Market Analysis: March 17

The SUI market is currently entrenched in a downward trend, with the sell-side dominating market activity. Following a prolonged bullish run in the last quarter of 2024, the market experienced a significant bearish shift in its structure in January, which has persisted.

SUIUSD Key Levels:

Resistance Levels: $4.980, $3.740
Support Levels: $2.200, $0.800

SUI Price Forecast: SUIUSD Abounds in Downward Trend 

SUIUSD Long-term Trend: Bearish

The year 2025 commenced with a brief upward thrust, which saw the price temporarily break above the relative equal highs formed in December. However, this upthrust was short-lived, as three consecutive falling peaks engineered a bearish reversal.

Price Forecast: SUI/USD Outlook

In January, the Hull Butterfly oscillator indicated an overbought market, signalling a change in market direction. This was corroborated by the Smoothed Heikin Ashi candles, which also turned red. Consequently, the price plummeted, breaking below the $3.740 support level.
Since the reversal, the Hull Butterfly Oscillator has consistently read below 0, indicating sellers’ control of the market. Following the break of the $3.740 support level, the price experienced a brief period of redistribution, fluctuating above $3.000 with lower highs and higher lows in February. Ultimately, the price crashed further to the next support level of $2.20, with the Smoothed Heikin Ashi candles providing resistance. SUI is expected to continue its downward trajectory.

SUI Price Forecast: SUIUSD Abounds in Downward Trend Medium-term Trend: Bearish (4-hour chart)

The market structure remains bearish, with no indications of a bullish structural shift. As such, the price is anticipated to decline further. A bearish break of the $2.20 support level is likely to precipitate another sharp decline to $0.800.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News