SUIUSDT Leaps Off the Support at $2.00 Mark

The SUIUSDT market has been witnessing decent gains since about five sessions ago. The price increase intensified about three sessions ago until the past two sessions. This caused the market to break the resistance at the psychological resistance level of the $2.00 mark. The ongoing session has also shown readiness to keep the market on an upward path towards more elevated resistance levels.

SUI Statistics:
Current SUI Value: $2.1356
SUI Market Cap: $2,620,948,201
SUI Circulating Supply: 1,230,916,718
SUI Total Supply: 10,000,000,000
SUI CoinMarketCap Rank: 51

Key Price Levels:
Resistance: $2.1356, $2.500, and $3.000
Support: $2.000, $1.500, and $1.000

SUIUSDT Bulls Thrust Further After Locating Solid Ground

Price activity in the SUIUSDT daily market has advanced its way further upwards after defeating a psychological level of $2.000. Meanwhile, the ongoing session has further revealed that the price movement still possesses notable momentum afterward.

Price action stands above all the Guppy Multiple Moving Average (GMMA) lines, which demonstrates that upside forces seem to be in cruise control of the market at the moment. Simultaneously, we can see that the Moving Average Convergence Divergence (MACD) indicator lines are also rising steadily upward. Similarly, the bars of the MACD bars are also growing progressively above the equilibrium level. Technically, all indicators are aligned to predict that the market is heading upward.

Price Forces in the Sui Market Appear to be Contending

While the SUIUSDT market maintains an upside trajectory as deduced on the daily market, the 4-hour market suggests a slightly different opinion. The current session here seems to be under the activity of both upside and downward forces. However, the relentless nature of the tailwind has caused the price candle to contract upwards.

Yet buyers seem hopeful as price activity remains above the GMMA lines. Also, the MACD indicator lines still have an upside trajectory; in fact, they have just delivered another bullish crossover, and the ensuing lines are still trending upward. Therefore, this suggests that traders who have made use of bullish crypto signals in this market earlier may still anticipate more gains as the market heads towards the $2.250 mark.

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