Sui Price has witnessed a sharp increase in the past 24 hours, which prompted Altcoin to a possible outbreak.
The last gathering, along with the favorable market conditions, sparked optimism for the transfer of prices to its highest new levels. Altcoin is close to getting out after a period of monotheism.
Sui builds momentum
The SUI RSI Index (RSI) remains in the upscale area, indicating that the upscale momentum in Altcoin is strong. RSI has not yet reached the peak area, indicating that there is still room for further growth.
These signals that can continue to climb with the growth of investor confidence.
RSI’s healthy situation supports the opinion that the SUI price can maintain its upward course. Continuous positive momentum indicates that Altcoin has enough power to pay through the levels of the upcoming resistance, especially if the market conditions remain favorable.
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While the feelings of the market seem optimistic, only they have a threat to huge reviews. The liquidation map reveals that approximately $ 25 million is likely to be operated in short contracts if the price reaches $ 4.35.
This would create a significant purchase pressure, and contribute to a possible increase in price.
The liquidation of short positions is generally seen as a positive factor for the price of the original, as it increases the demand. The lack of short contracts would help maintain the bullish feelings about SUI, as the market will need to pay fewer sale orders. This paves the stage for a possible penetration.
Price Soy erupted
Sui is currently trading at $ 4.13, in an attempt to secure support at $ 4.12 after a 10 % jump over the past 24 hours. Altcoin wore $ 3.69, indicating that the last correction may end, and the next stage may include an upward movement. The goal is to create $ 4.12 as support and continue the upward trend.
The next main resistance level for SUI is $ 4.35. To reach this target price, sui must keep the $ 4.12 support level. If the distinguished code succeeds in obtaining this support, it may pay about $ 4.35, which may lead to more gains.
However, uncertainty in the current market is still a danger.
If the bullish momentum stumbles and investors start selling, the SUI price may decrease to $ 3.93. The loss of this support level is more likely to nullify the upholsome thesis, and it may fight only to restore the rising momentum.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
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2025-07-26 20:00:00
