SUI Price Forecast: SUIUSD Is Attempting a Recovery Back to Bullish Ways

SUI Price Forecast: January 29

The SUI price forecast suggests that the coin is making an effort to regain its bullish momentum after bouncing off the $3.5060 demand level. However, it faces a significant challenge in breaking through the $4.3000 resistance level.

SUI Long-Term Trend: Ranging (1-Day Chart)
Key Levels:

Resistance Levels: $5.7550, $5.3640
Support Levels: $4.3000, $3.3840
SUI is working its way back to a bullish trend as it attempts to rise above the $4.3000 resistance level. Before reaching this point, the coin had been moving upwards along a rising trend line. However, strong resistance at $5.3640 forced a price drop, pushing the crypto below the $4.3000 mark.

SUI Price Forecast: SUI/USD Outlook

The market maintained an uptrend in a zigzag pattern until it reached the significant $5.3640 level.

Although this set a new all-time high, the bulls failed to push beyond it, leading to a decline to $4.3000 and an even further drop.

The Moving Average (MA) Cross confirmed the downtrend when it crossed downward just before the $4.3000 support level. Meanwhile, the Elder Force Index (EFI) initially dropped below zero but has since recovered, signaling a potential bullish resurgence.

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

On the 4-hour chart, the market recovery is evident as the price rebounds from the $3.5060 demand level. The MA Cross has now moved upward, supporting the ongoing recovery. At the time of writing, the coin is targeting the $4.3000 resistance level.
The EFI power line has recovered to the equilibrium level and is now rising above it. In this short-term timeframe, the bulls are clearly in control. However, their strength will be tested at the $4.3000 resistance level, where crypto signals may indicate the next market direction.

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