SUI - Possible Pullback to $1.20 to $1
2024-10-08

SUI Network skyrocketed and has recently been the most hyped coin.

In our last update, we anticipated a breakout when it was trading around $1

SUI has just undergone 83 million USD worth of token unlocks.

 Technical Outlook: 

With  CRYPTOCAP:BTC  dominance rising as Bitcoin corrects, we expect a broader pullback.

On the weekly timeframe, price has hit a significant resistance level.

4-hour timeframe: There was a strong rejection, and it is now trading around the daily Point of Control (dPOC). If it loses the monthly Point of Control (mPOC) at $1.70, there is a higher chance it will revisit the $1.20 to $1 (breakout area)
