SUI's recent trend is indeed worth paying attention to. From a technical perspective, the price has already broken below the support of the short-term moving average system, and multiple rebounds have been weak. More importantly, the MACD has formed a sustained death cross below the waterline, and the gap is widening, which usually indicates that downward momentum is still accumulating.
The current price is around 1.8560. Looking upward, the resistance at MA20 is at 1.9319, which is the first obstacle for a rebound. If you really want to short, you can focus on two targets: the first at 1.8104, and the second at 1.7500. However, risk management is very important—do not set a stop loss beyond 2.0300, or the recovery space will be too large.
Overall, the short-term trend is indeed bearish, but any operation should still consider your risk tolerance.
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GasFeeSobber
· 9h ago
It has broken support again. Whether it can really go down this time depends on the situation.
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GateUser-00be86fc
· 11h ago
Why did it drop again? This wave of SUI is really quite fierce.
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AirdropSkeptic
· 01-08 06:19
SUI this wave is indeed a bit disappointing, the MACD death cross expanding is just outrageous, it feels like it will drop further.
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BTCWaveRider
· 01-06 23:51
The death cross widening is indeed a bit disgusting this time; it seems SUI still needs to continue declining.
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ProofOfNothing
· 01-06 23:47
Hi, it's you pessimists again, always saying it will go down. And what happens? When there's a rebound, you're all confused.
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PuzzledScholar
· 01-06 23:39
The widening of the death cross is indeed a bit uncertain, but I still prefer to wait and see, not rushing to short.
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NotSatoshi
· 01-06 23:22
Is it a death cross again? Why do I feel like SUI has only been struggling to rebound these days...
SUI's recent trend is indeed worth paying attention to. From a technical perspective, the price has already broken below the support of the short-term moving average system, and multiple rebounds have been weak. More importantly, the MACD has formed a sustained death cross below the waterline, and the gap is widening, which usually indicates that downward momentum is still accumulating.
The current price is around 1.8560. Looking upward, the resistance at MA20 is at 1.9319, which is the first obstacle for a rebound. If you really want to short, you can focus on two targets: the first at 1.8104, and the second at 1.7500. However, risk management is very important—do not set a stop loss beyond 2.0300, or the recovery space will be too large.
Overall, the short-term trend is indeed bearish, but any operation should still consider your risk tolerance.