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Recently observing the SUI trend, I found an interesting phenomenon. During this period, the bulls have actually been in the dominant position. Although the increase isn't very rapid, the steady upward pace gives a stronger sense of sustainability.
Why do I see the technical picture this way? There are mainly two reasons.
The RSI is currently at 50.6, in a neutral to slightly bullish position. What does this mean? It indicates that the market is neither overbought nor excessively oversold, leaving quite a bit of room for short-term upward movement. Currently, the price is around $1.40, still some distance from the resistance level at $1.456, so there is still a possibility of breaking through.
Looking at support levels, the $1.344 line is very critical. As long as it holds, the bullish fundamentals remain intact. Conversely, if the price can effectively break through the $1.435 level, the subsequent momentum could significantly strengthen.
Here's my actual thinking. If the price can successfully break above $1.435, I would consider gradually increasing my position to test the waters, but only if I have a clear understanding of the risks. Correspondingly, if the price falls below the $1.344 support, I should cut losses decisively—this is the most basic risk management.
The crypto market is sometimes a test of patience. Those willing to wait and do their homework often seize many opportunities. Of course, everyone's risk tolerance is different, so it’s best to make decisions based on your own situation.