Simple Analysis of SUI/USDT Movement Based on the Chart
2024-11-04

Simple Analysis of SUI/USDT Movement Based on the Chart

The chart shows that SUI is trading near a strong ascending trendline, which increases the likelihood of an upward bounce from this level.

Support and Resistance Levels:

Main Support: $1.8041, which serves as a key support area for a potential price rebound.

First Target: $2.2240, indicating a potential increase of 70%.

Higher Potential Target: $3.0683 if the uptrend continues.