SUI price defends key support despite recent token unlock

Suis Price continues to maintain above its key support zone despite the recent unlocking of the tokens and envisages a potential bullish reversal if it can break over a key resistance of $ 2.52.

Sui (Sui) is currently negotiated at $ 2.31, oscillating above the key support area between $ 2.10 and $ 2.20, despite the Recent token clearance April 1. The price has held this level since March 11, after reaching its lowest level of around $ 2 of this year, after the accident of its summit of $ 5.35 on January 6.

However, Sui The price is always in a erase the downward trend Because it is negotiated below the exponential mobile average of 20 days to $ 2.41 and a single mobile average 50 days to $ 2.67. The 20 -day EMA acts as immediate resistance, which followed has tried to break it at the end of March and even briefly touched SMA of 50 days, but was confronted with a rejection. RSI is 45.09, which means that the momentum is weak but improves. My based at RSI is 46.35, showing that the strength of buyers increases slowly, but it is still below the 50-neutral brand, so the bulls do not yet control. No major volume peak is currently obvious, which means that the market remains uncertain.

That said, the graph seems slightly optimistic, especially since followed above its key support area between $ 2.10 and $ 2.20 for several weeks now. In addition, the price has not made a new lower hollow since March 11 and has tested the EMA 20 days on several occasions, which means that buyers dispute short -term resistance. If the price continues to maintain the current support and bursts over the next resistance zone at $ 2.50 to $ 2.55, this could lead to a trend reversal, with the next major resistance to $ 2.67 (SMA 50 days).

Likewise, the technical analyst Ali Martinez recently note This Su sur Prix followed a reverse head and shoulder model, which may indicate a short -term bullish reversal if it exceeds $ 2.52.