Bearish Pressure Mounts Over the SUI Price Rally—Will it Offer a Good Entry Before Smashing $6?
Bitcoin gaining momentum, cryptographic markets have started to increase. The volume of trading limited in a fork, the Bulls worked hard to maintain a healthy ascending trend. Meanwhile, the Suppre price seems to have failed to attract the investor’s attention while the price levels continue to be negotiated in a beach, faced with enormous upward pressure.
Now, the question arises whether the price will drop local support and offer a good entry for new investors or will repeat the previous model and print a huge bullish candle, increasing by more than 20%.
Recently, La Blockchain Suis experienced a major feat that has drained more than $ 200 million in markets. In addition, the hyperliquid price broke out of the range and formed a new ATH which led to the price suis below in the classification of cryptography, which was a major setback. As the price does not display a possibility of break, the suis price is now supposed to test the local support before the next price action.
The AF price is blocked in a central range between the resistance area from $ 3.73 to $ 3.8 and the support area from $ 3.3 to $ 3.23. Currently, the price fell into the lower bands of Bollinger, when they started to hurry, which indicates a period of low volatility. However, a pressure generally causes a break and a reversal of potential trend. Meanwhile, the price should consolidate a little more to trigger a break, and therefore a drop in the support seems to approach quickly.
On the other hand, the CMF and the RSI continue to maintain a steep descending trend, which suggests a drop in the strength of the rally as well as money in the token. This justifies the downward complaint to dive at $ 3.25, which can erase the sale pressure and open the way to a strong rebound followed by a healthy ascending trend.
