SUI Investors Hesitate as Recovery Attempts Fail
Sui It has been working to restore the lost ground after a 43% drop since the beginning of the year. Despite multiple rebound attempts, Altcoin has not established a sustainable recovery.
The lack of investor confidence further delayed Sui’s price rebound, keeping it under pressure in a volatile market.
SUI investors’ suspicion is the root of the disaster
The moving average convergence difference (MACD) indicator is approaching a potential bullish crossover. If confirmed, it will be Sui’s first positive The change in the past month. This technological development may mark the beginning of a resumption of rallying, attracting the attention of investors seeking new momentum.
However, the market remains cautious and traders await confirmation before making major moves. Successful MACD crossovers can encourage buying activity, but hesitated due to the prevalent bearish sentiment. Without a stronger demand, the recovery attempt of SUI may remain short-lived.
The Chaikin Currency Flow (CMF) indicator highlights ongoing capital outflows and reflects investor participation. The CMF has been unable to close the neutral line since the beginning of this month, indicating that sales pressure continues to dominate. This suggests that investors are still skeptical about the potential of SUI’s continued price increase.
Until the inflow begins to exceed the outflow, Sui may struggle In order to generate sufficient breakthrough demand. Without a shift in investor sentiment, Altcoin’s recovery could be delayed further. The market needs to accumulate surges to confirm bullish momentum and offset existing resistance.
SUI price forecast: support for complete
Sui’s price rises The increase of 6% in the past 24 hours is currently $3.25. Despite wider bearishness, Altcoin still puts its position above $3.00. This resilience helps prevent a drop in key support levels below $2.85, thus keeping the rebound hope alive.
Market indicators show mixed signals, but Sui’s ability to hold support levels above $3.18 provides potential bullish outlook. If Altcoin ensures this level, it could move towards the $3.69 price, which marks a significant increase.
However, losing $3.18 support could change momentum and turn to the Bears. If sales pressure increases, Sui may revisit Supported by $2.85, a break below this level invalidates any bullish papers. This situation can expand investors’ losses and delay the possibility of continuous recovery.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
