Sui momentum seems to stop at this time after shooting in two digits last week.
Key support levels: $ 3.2, $ 3
Key resistance levels: $ 3.4, $ 4.1
1. Buyers face key resistance
After an impressive rally, Sui made a local top of around $ 3.9. Since then, the price entered a correction that sent it under the key resistance to $ 3.4. This level used to act as support, but during the weekend, Sui lost it and became a resistance.
2. Short -term setback
At the end of April, Sui almost doubled in less than a week. This caused a setback to be probable in May, which has occurred in recent days with a 7%drop. This corrective movement can last some time, considering the recent bomb. SUI has a key support of $ 3.2 and $ 3, where buyers could stop the bearish trend and resume the initiative.
3. The volume makes maximum higher
The good news, despite the current action of the price, is that the volume of SUI is making higher. This is optimistic, and there is a good possibility that this cryptocurrency is higher after this setback ends. If so, SUI will be aimed at claiming $ 3.4 as a support and then aim at $ 3.9 and $ 4.1 below.
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