SUI (USDT) H4
2024-12-24
Category: None

Market Analysis for SUI (USDT)

SUI has recently created an all-time high (ATH) but has since faced significant selling pressure. The FIMS Trend indicator has shifted to a neutral stance, reflecting indecision in the market. Additionally, the price has shown several rejections with wicks forming beneath key levels, indicating bearish momentum.

The lower zones, marked by Fair Value Gaps (FVG) and Order Blocks, present attractive areas for potential liquidity grabs or support retests. A key target for the price is the range between $3.2 and $3.4, where a test is expected before any potential reversal or continuation of the bullish trend.

Traders should monitor these levels closely, as they could provide pivotal points for price action in the coming sessions.