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Sui Price Short Term Outlook
Sui price is picking up momentum again, now trading around $3.99 after bouncing back from a short period of consolidation
The latest 4-hour chart shows a strong bullish candle forming just above an ascending trendline that’s been in place since early July. Price has also climbed back above the 9-period simple moving average (SMA), a signal that buyers may be stepping back in.
SUI Price Structure Is Still Holding
The trend kicked off around July 4th, and since then, SUI has followed a clean pattern of higher lows and higher highs. Before that, SUI price had been ranging sideways between $2.80 and $3.20, indicating accumulation
That phase ended with a strong rally that pushed SUI over $4.20, marking the top of this cycle, so far
After that high, SUI price cooled off. It chopped sideways for a bit, forming a series of lower highs. But now, after the latest bounce off trendline support, the price looks like it’s building strength again.
SUI Price Levels Traders Are Watching
SUI price is now trading above its 9-period SMA, which sits near $3.77. There’s also solid support just below at the ascending trendline, now around $3.60. If that fails, the previous consolidation base around $3.40 could act as the next level to hold.
Source: Tradingview
As for resistance, the level to beat is $4.20. That’s where the last rally stalled out, so buyers will need to push through that zone if this move is going to continue upward.
Read Also: DOGE and SUI Are Showing Early Bullish Signs: Time to Pay Attention?
What Comes Next
Right now, momentum is picking up again. The strong candle and the reclaim of the short-term moving average indicates buyers are gaining control
But it’s still all about $4.20, a clean breakout above that could open the door to new highs, there’s a good chance SUI price may pull back to retest $3.76 or $3.60. Either way, the short-term trend remains bullish, and traders are watching this zone closely.
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The post Sui Price Short Term Outlook appeared first on CaptainAltcoin.