SUI: Correction Opens Accumulation Zone at $1.07
SUI trades at $1.07 with bearish MACD death cross; flip above $1.11 could trigger rally as traders target accumulation zones.
SourceAnalysis
SUI is undergoing an organic correction after recent updates, with @CryptoMichNL noting the dip presents prime accumulation areas ahead of a potential rally above $1.11.
Price action on the 4h chart shows SUI at $1.07 inside Bollinger Bands with upper resistance at $1.22 and lower support at $1.01, while the EMA50 at $1.13 acts as immediate resistance and the EMA200 at $1.01 provides long-term floor; the MACD death cross at -0.03 reinforces bearish momentum yet neutral RSI at 37.14 leaves room for buyers to step in without overbought conditions.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast