SUI Price Forecast – SUIUSD Applies Upward Pressure Against $4.850

SUI Price Forecast – January 15

The SUI price forecast predicts that the market will maintain consistent pressure on the $4.850 resistance level until a breakout occurs. This breakout could propel the coin toward the $5.255 level.

SUI Long Term Trend: Bearish (Daily Chart)
Key Levels

Resistance Levels: $5.255, $4.850
Support Levels: $4.460, $4.115
SUI bears took control of the market after it tested the $5.255 resistance level for the second time in January, forming a double-top chart pattern. This led to a price drop to around $4.460. However, the bulls are regaining strength and applying upward pressure at the $4.850 resistance level.

SUI Price Forecast – SUIUSD Outlook

The SUI market has been on a general uptrend since September 2024. Initially, this upward movement was gradual, but it became more aggressive toward the end of the year.

From November to January, the market displayed back-and-forth movements as it continued to rise. The price consistently overcame resistance levels, and a similar outcome is expected at the $5.255 supply zone. The Moving Average (MA) Period 25 has remained beneath the price action, supporting the uptrend.

The Moving Average Convergence Divergence (MACD) lines have remained above the zero level since September 2024, confirming the bullish hold on the market. The alternating MACD bars from November to the present reflect the turbulence within the market as it rises.

SUI Medium Term Trend: Bullish (4-Hour Chart)

On the 4-hour chart, the market has faced challenges in breaking through the $4.850 resistance level. However, the MA Period 25 has dropped below the most recent candlesticks, offering support for a potential breakout. Additionally, the chart has formed a triangle pattern, indicating potential consolidation before a breakout.
The MACD lines had fallen below the zero level due to the price drop back to $4.460 but are now ascending. Bullish bars are beginning to rise above the zero level, signaling renewed buyer momentum. Crypto signals suggest a sustained upward movement if the breakout succeeds.

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