Sui Shows Signs of Life with a Bullish Short-Term Reversal

SUI/USDT Price Analysis – August 26

Sui continues to trade within a wide and volatile horizontal range, but recent price action on the lower timeframes suggests a bullish shift is underway. After a significant rejection from the range ceiling, the price found support in the middle of the channel and is now showing signs of a reversal, with key indicators pointing to growing buying pressure. This suggests a potential rotation back towards the upper resistance may be starting.

Sui Key Levels

Support Levels: $3.210, $2.7880.
Resistance Levels: $4.246 $4.760

Sui Long-Term Trend: Ranging (Daily Chart)

SUI/USDT clearly establishes a classic range-bound market. The price has been oscillating between a firm support floor, with a key pivot at $3.213, and a formidable resistance ceiling at $4.246. The current price of $3.512 is situated in the middle of this broad channel. This positioning follows a bearish swing that began after the price was strongly rejected from the $4.246 resistance in early August.

A bearish crossover remains in effect on the MA Cross (9, 21) indicator, a relic of the sell-off from the range highs. Similarly, the Momentum indicator is printing a value of -0.0751. While this reading is only slightly below the zero line, it confirms that the prevailing medium-term momentum has been to the downside. However, the flattening of these indicators suggests this bearish pressure is waning.

Sui Short-Term Trend: Bullish (4-Hour Chart)

A bullish crossover has just occurred on the MA Cross indicator on this timeframe, signaling that short-term momentum has officially shifted in favor of the buyers. This is powerfully substantiated by the Momentum indicator, which is showing a strong positive reading of 0.4693. This value, well above the zero line, indicates that the pace of price appreciation is accelerating and that buyers are stepping in with conviction. This technical confluence suggests the immediate path of least resistance is upwards, with traders likely targeting the main resistance at $4.246.

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