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.
SUI-0,75%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
GasFeeSurvivorvip
· 9h ago
SUI is indeed stable this time, but if it breaks 1.344, I'll just exit immediately. There's no need to hold on stubbornly.
View OriginalReply0
ChainChefvip
· 9h ago
sui's been simmering at a nice temp rn... that rsi at 50.6 is basically the perfect mise en place, not overseasoned yet. honestly if it breaks 1.435 cleanly i'd probably layer in, but like... 1.344's gotta hold or the whole dish falls apart lol
Reply0
ser_ngmivip
· 9h ago
Sui's recent rise is indeed stable. A steady and patient increase is truly the most comfortable way to grow.
View OriginalReply0
RugResistantvip
· 9h ago
RSI is above 50 and you're already dreaming of a breakout? I think we should first hold the 1.344 level before talking about that.
View OriginalReply0
FlashLoanLordvip
· 9h ago
I keep getting fooled by these numbers. What's the point of RSI stuck at 50? Why not just rise directly to $2?
View OriginalReply0
GateUser-5854de8bvip
· 9h ago
1.344 this support level is indeed important. Let's see if SUI can hold it; only if it does, there is hope. --- RSI at 50.6 is a bit awkward. This indecisiveness just waits for a clear trend. --- Steady upward movement sounds good, but I just wonder if it's another trap, and a sudden drop will end it all. --- Can breaking through 1.435 really generate momentum? I've heard this kind of prediction too many times. I'll believe it only after seeing the candlestick. --- Decisive stop-loss sounds easy to say, but when it really drops, I want to buy the dip. That's why I lose money haha. --- I do agree that the trend is strong, at least not as volatile as before. This kind of rhythm is indeed more comfortable. --- Is the bulls taking the initiative? I don't think it's obvious enough; otherwise, why is it still fluctuating around 1.4? It indicates we're still in a game of tug-of-war. --- I agree that doing homework is important, but the problem is most people, including myself, simply lack the patience. --- So it means repeatedly trading between 1.344 and 1.435, sounds simple but really hard to do.
View OriginalReply0
fren.ethvip
· 9h ago
I agree with the steady upward trend, but I'm worried it might just be a trap to reverse and dump.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt