SUIUSD Buyers Take a Breather as Bullish Streak Pauses

SUIUSD Price Analysis – Sui Token Loses Bullish Momentum

SUIUSD price highlights a pause in bullish momentum as buyers temporarily lose their streak. The token price remains calm around the $3.550 market zone after an extended period of bullish expansion.

SUIUSD Key Levels

Support Levels: $2.790, $3.000
Resistance Levels: $3.550, $4.000

SUIUSD Long Term Trend: Bullish (Daily Chart)

SUIUSD buyers have shown resilience this month, successfully defending against bearish pressure and driving the market higher. After the bears pushed the price down to the $1.770 key area, buyers managed a strong recovery, reaching the $2.790 significant level. Following this, the market consolidated briefly before resuming its bullish expansion up to the $3.550 zone. Currently, the bulls appear to be taking a breather, with the Stochastic Oscillator showing a halt in bullish flow as the price moves into oversold territory.

However, the Moving Average Convergence and Divergence (MACD) indicator suggests a consistent buildup in market flow, pointing to the potential for renewed bullish momentum. Although buyers are pausing, the overall sentiment remains bullish. The market shows signs of preparing for a continuation of its upward trajectory once buyers regain strength. A breakout above the $3.550 resistance zone could lead to the next target at $4.000. On the downside, the $2.790 and $3.000 support levels will be critical areas for buyers to maintain control.

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

In the short term, SUIUSD buyers are taking a breather while maintaining overall control of the market. The Stochastic Oscillator shows a temporary pause in bullish flow. However, it also indicates that buyers are still willing to regain stance. The market flow reflects the likelihood of bullish pressure building up strongly, potentially leading to renewed expansion in the near term.

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