SUI Price Falls Below $4, Hits Monthly Low, Yet Traders Are Bullish
SUI The price of $ 5.36, which was established earlier this month, has decreased significantly. At present, Altcoin is currently trading at a monthly low price, facing the potential of further reduction.
Although recently suffered losses, traders still have a cautious attitude towards the recovery of cryptocurrencies.
SUI traders are full of hope
Relative intensity index (RSI) It means that the decoction momentum is dominant SUI price actionEssence RSI has slipped below the neutral line and has been at the lowest level since August 2024. This indicates that a wider market situation is not conducive to immediately recovery.
The prolonged demeanor reflected in the RSI trajectory highlights the pressure of purchase. Traders are closely monitoring whether the momentum can stabilize, because any further decline can push SUI to deeper losses. At present, the market lacks the required signal that is strongly reversed.
Despite the economic downturn, SUI’s funding rate is still positive, which shows that traders’ optimism is lingering. Since the beginning of this year, this trend has continued to the highest level of SUI. It is worth noting that this is the opposite of December 2024, when traders signed short -term contracts even during the decline of minors.
The front financing rate indicates that the trader believes Long -term potential of sui Despite the current challenge. This optimism provides a certain stability for cryptocurrencies. If a wider market conditions begin to improve, this may prevent steep selling.
Sui price prediction: find back road
SUI price In the past nine days, it has fallen by 22 %, and the current transaction price is $ 3.87. Cryptocurrencies have recently lost $ 4.05, but they are still higher than key support, with $ 3.69. Maintaining this level is essential for preventing further disadvantages to prevent further in the short term.
At the current monthly low point, SUI is still prone to additional losses. However, maintaining more than $ 3.69 to prevent a large number of collapse and the time for the potential market to stabilize.
In order to make the appearance of the decoction invalid, SUI must be recovered $ 4.05 as a support level. This will laid the foundation for potential recovery, so that the target price of cottage coins is $ 4.35. This will help offset recent losses and restore confidence between investors.
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