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SUI Price Forecast: February 12
The SUI price forecast suggests that the cryptocurrency is gaining upward momentum following a breakthrough at the $3.2845 critical level.
SUI Long-Term Trend: Ranging (1-Day Chart)
Key Levels:
Resistance Levels: $5.3640, $4.3000, $3.9660
Support Levels: $3.2845, $2.3854, $1.7630
SUI Price Forecast: SUI/USD Outlook
Before the decline on January 24, the price encountered resistance, but short pullbacks allowed the bullish trend to continue.
However, at the $5.3640 level, which marks the coin’s all-time high, buyers lost strength, causing the price to fall through key support at $4.3000.
A single dot of the Parabolic SAR indicator appears below the latest candles, signaling potential bullish momentum. Meanwhile, the MACD line has just crossed upward from a negative position, further supporting a potential recovery.
SUI Medium-Term Trend: Bullish (4-Hour Chart)
The 4-hour timeframe shows significant progress to the upside, with the cryptocurrency firmly trading above the $3.2845 key level. The Parabolic SAR dots are fluctuating around the candles but confirm bullish strength by positioning more dots below the price action.
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