Future

bullish

Litecoin

Resistance

Reversal

<p>The price of SUI has remained unencouraging despite the ongoing bullish move. The crypto has seen more than a 10% increase in the past 48 hours; however, this could be only a retest for a continued bearish move.</p>
<p>The price broke below a strong support zone, which triggered a slight downward move. However, SUI started the retest yesterday and is now trading again at the former support, which could turn into resistance.</p>
<p>If this turns into resistance, then we could see <a href="https://www.coingecko.com/en/coins/sui" target="_blank" rel="noopener noreferrer nofollow">SUI price</a> continue to fall to the next key support at around $0.743 and then $0.644.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-1024x480.png" alt="" class="wp-image-551271" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-65-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-65.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong><em>Do Checkout: <a href="https://captainaltcoin.com/where-is-litecoin-headed-next-ltc-price-approaches-crucial-resistance/" target="_blank" rel="noopener noreferrer nofollow">Where Is Litecoin Headed Next? LTC Price Approaches Crucial Resistance</a></em></strong></p>
<p>However, a break above the current $0.85 resistance level will be interpreted as a change in price action structure, and this could be the beginning of a move to the top of the larger consolidation at around $1.172.</p>
<h2 class="wp-block-heading" id="technical-indicators-show-resistance">Technical Indicators Show Resistance</h2>
<p>The<a href="https://www.okx.com/learn/what-is-relative-strength-index-rsi" target="_blank" rel="noopener noreferrer nofollow"> relative strength index</a> is at 48, a neutral position. The value started to recover from 42 on September 1. However, the RSI-based moving average could serve as resistance to further price growth. This also aligns with the resistance level that could be formed in the ongoing retest.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-1024x480.png" alt="" class="wp-image-551288" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-67-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-67.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong><em>Do Checkout:<a href="https://captainaltcoin.com/uniswap-against-bitcoin-signals-bullish-reversal-after-hitting-all-time-low-why-long-term-uni-holders-could-see-big-gains/" target="_blank" rel="noopener noreferrer nofollow"> Uniswap Against Bitcoin Signals Bullish Reversal After Hitting All-Time Low – Why Long-Term UNI Holders Could See Big Gains</a></em></strong></p>
<p>The price can be seen slightly breaking above the 50-day simple moving average. We need to see a decisive break above this for the next price move.</p>
<p>However, the 100-day simple moving average is directly above the price, just at the point where the retest resistance is, and this could be a direct barrier to further upward movement.</p>
<p>A break above the $0.85 resistance invalidates this bearish outlook.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/sui-price-future-gloomy-despite-ongoing-rally-risks-double-digit-dip/" rel="noopener noreferrer nofollow">SUI Price Future Gloomy Despite Ongoing Rally, Risks Double-Digit Dip&nbsp;&nbsp;</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SUI Price Future Gloomy Despite Ongoing Rally, Risks Double-Digit Dip

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