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    Is SUI Crypto Heading For Recovery? SUI Coin Price Giving Signs of Strength

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    SUI coin worth has began this week with energy, fostering hopes of a SUI crypto restoration.

    This follows Bitcoin’s bullish response yesterday on the key help stage of $92,000. Sui made a ten% transfer from $4.29 to $4.76. Bitcoin’s worth sustained in a single day, although Sui couldn’t and dropped 4.3%.

    Right this moment, Bitcoin

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    Final 7d worth motion


    grew one other 2.5% whereas Sui may solely get again to yesterday’s excessive of $4.70. That’s our preliminary evaluation—Bitcoin is trying stronger.

    How come we’re discussing Bitcoin? Effectively, right here’s what I feel—as soon as BTC resumes its uptrend, alts will make new all-time highs. However first, we want Bitcoin to search out help. That’s the reason we regulate it as nicely.

    Right here is one other publish on X, altcoins market cap:

    EXPLORE: How To Invest in Cryptocurrency In The UK

    SUI Coin Value Evaluation: Is SUI Crypto Heading For a Restoration Transfer?

    Each of those X posts are bullish for crypto, however are we at a degree the place we must always elevate our hopes? Let’s have a look at the charts.

    (BTCUSDT)

    We’ll focus on what occurred to the BTC worth after the inexperienced arrow. For those who haven’t learn the earlier article, which options the inexperienced arrow, you are able to do so here.

    After the inexperienced arrow, we see that the worth decreased to present help. Then, returned and bought rejected from MA100 (inexperienced). Then, it deviated under the help at $92,000 – depraved below $90,000 and swiftly got here above the help line.

    Now, it examined MA200 (pink), which is in confluence with the final low we broke below – MSB – and these ranges type the present resistance at $97,000. Will the purple field be examined? I don’t know, however it’s potential so long as we keep below this resistance.

    (SUIUSDT)

    Again to SUI coin worth—on the 4H chart, we see one thing like a double prime. I used to be contemplating shorting the second at round $5.20 however was too scared to do it. Invalidation can be going above the earlier excessive—a really clear stage. Now I want I had shorted.

    On this chart, we see we’re under all MAs. Yesterday, we bounced off of the Yearly Open—a thick purple line within the purple field. The field itself is the Bullish Order Block fashioned earlier than the New 12 months pump. These are our key ranges to observe.

    Sui crypto coin price movements and technical analysis. A look over Bitcoin; Sui key levels and indicators to learn were we might be heading.

    (SUIUSDT)

    Lastly, we have a look at the 12-hour chart with a Fib Retracement ranging from the Trump election pump. The degrees align fairly nicely all through the transfer—that’s essential when drawing Fib ranges. The evaluation right here tells us that MA100 has acted as help six occasions.

    We see each Fib stage examined besides 0.786, which may stay untested. It doesn’t make sense for the worth to go under MA200.

    I feel 0.382 or perhaps a dip to 0.5 is feasible, because it correlates with MA200. That’s the lowest I’d need to see the SUI coin worth go.

    Till then, the entire crypto hangs on and waits for Bitcoin to search out help and proceed upwards – with CPI and a New President arriving in workplace alongside the best way. SUI is among the stronger alts and will accumulate in an ascending channel.

    EXPLORE: Crypto Trends For Bullrun – January 2025

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    The publish Is SUI Crypto Heading For Recovery? SUI Coin Price Giving Signs of Strength appeared first on 99Bitcoins.



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