SUI: Trader Eyes Breakout or $0.69 Sweep
SUI at $0.73 faces breakout test or $0.69 sweep as BTC strength dictates moves amid bearish EMA and MACD signals.
SourceAnalysis
SUI at $0.73 draws trader scrutiny from @CryptoMichNL who flags a potential higher break versus another sweep to $0.69 support, with the entire setup tied to BTC strength.
Price action sits inside Bollinger bands with upper resistance at $0.77 and lower support at $0.71, while the bearish trend structure holds below EMA50 at $0.75 and EMA200 at $0.74 as MACD registers a death cross at -0.01 and RSI at 42.57 remains neutral, pointing to exhaustion before any sustained continuation in SUI price prediction models.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast