bullish

Elite

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<p>According to Ali, SUI is currently trading within a rising parallel channel. This suggests a potential bounce that could propel the price to around $2.60. However, he points to some key levels and how this potential upward move could become breached. </p> 
<p>Let’s look at the details of his tweet and the accompanying chart. </p> 
<h2 class="wp-block-heading" id="key-price-levels">Key Price Levels</h2> 
<p><strong>Support Level at $2.00</strong>: This critical support area has been tested multiple times. Ali underscores its significance; a fall below this level would suggest a break from the upward trend, potentially leading to bearish momentum. </p> 
<p>Conversely, a strong bounce from this support would indicate that buyers remain in control, reinforcing the bullish outlook</p> 
<p><strong>Resistance Around $2.60</strong>: The analysis points to <a href="https://captainaltcoin.com/can-sui-make-you-a-millionaire-in-2025-youtuber-shares-realistic-sui-price-prediction/" target="_blank">the potential for SUI to rise</a> toward the upper trendline of the channel, near the $2.60 mark. </p> 
<p>At this level, traders may begin to take profits, which could prompt a pullback. If SUI struggles to break through this resistance, it might signal the peak of the current bullish movement.</p> 
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/elite-analyst-makes-shocking-xrp-price-prediction-could-15-be-next-for-ripples-token/" target="_blank">Elite Analyst Makes Shocking XRP Price Prediction: Could $15 Be Next For Ripple’s Token?</a></strong></em></p> 
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<h2 class="wp-block-heading" id="price-action-observations">Price Action Observations</h2> 
<p><a href="https://x.com/ali_charts/status/1848046269677355063?t=FzMlXM3wfjArWAdiKDaLOA&amp;s=19" target="_blank" rel="nofollow">Ali notes</a> a pattern of higher highs and higher lows on the chart, <a href="https://www.moomoo.com/us/learn/detail-how-to-identify-bullish-signals-in-technical-analysis-53470-220339059" target="_blank" rel="nofollow">a clear bullish indicator</a>. This pattern shows that each dip is met with buying pressure, sustaining upward momentum. Recently, the price bounced off the lower trendline near $2.00, signaling that buyers are defending this crucial support zone, suggesting further upward potential.</p> 
<p><strong>Bullish Scenario</strong>: If SUI continues to respect the support levels and the lower trendline, it may maintain its upward trajectory toward $2.60 or even higher. A breakout above this level could trigger more aggressive buying, potentially leading to new local highs, contingent on strong buying volume.</p> 
<p><strong>Bearish Scenario:</strong> Conversely, if SUI falls below the $2.00 support level, it could invalidate the bullish channel, indicating increased selling pressure. A breakdown below this level might lead to lower support levels, possibly around $1.80 or $1.70, and suggest a trend reversal towards bearish sentiment.</p> 
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/key-indicators-gauging-bitcoin-btc-price-trend-flip-bullish-again/" target="_blank">Key Indicators Gauging Bitcoin (BTC) Price Trend Flip Bullish Again</a></strong></em></p>  
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<h2 class="wp-block-heading" id="indicators-to-watch">Indicators to Watch</h2> 
<p><strong>Volume</strong>: A significant increase in trading volume would be crucial for a robust upward move, especially near resistance levels like $2.60. A higher volume would validate a bullish breakout, indicating strong buyer participation. </p> 
<p>Conversely, a decrease in volume near the $2.00 support could suggest weakening buying pressure, elevating the risk of a breakdown.</p> 
<p><strong>Midline Interaction</strong>: The midline of the channel serves as a critical pivot point. If SUI remains above this midline, the bullish trend is likely to persist. However, dropping below it could lead to further declines toward the lower trendline.</p> 
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<p>The post <a href="https://captainaltcoin.com/sui-chart-signals-price-bounce-to-2-60-but-theres-a-catch/">SUI Chart Signals Price Bounce to $2.60, But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

SUI Chart Signals Price Bounce to $2.60, But There’s a Catch

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