Sui Price Don Fall Reach $1.80 as 21-Day SMA Hold Back Recovery
Sui (SUI) don fall from high of $4.40 go reach low of $1.83, with bulls dey defend the $1.80 support level. The altcoin still dey oversold and e dey range between $1.80 and $2.06. Technical analysis show say the 21-day SMA dey under the 50-day SMA, wey dey block gains close to $2.00. Fibonacci retracement talk say e fit extend go $2.19. Key demand zones dey at $3.00, $2.80 and $2.60, while supply cluster dey between $4.00 and $4.40. Traders suppose dey watch the 21/50-day moving average crossover and the $1.80 support floor for entry and exit signals.
Bearish
Sui still dey drop from $4.40 to $1.83, plus say di 21-day SMA dey below di 50-day SMA and e keep fail top key resistance levels, e show say market be bearish. Even though the $1.80 support dey, di fact say e no fit pass short-term moving averages around $2.00 mean risk still dey to go down. Fibonacci predictions wey dey point $2.19 and demand zones wey dem never test fit bring small relief, but as long as di SMAs no line up for bullish side, traders suppose expect say price go dey within range or continue to fall soon.