Suis experienced a significant drop in prices, falling from its $ 5.36 summit, trained earlier this month. Trading currently at a monthly rate, Altcoin faces an additional sampling potential.
Despite recent losses, traders remain carefully optimistic about the prospects for recovery of cryptocurrency.
Following traders hope
The relative force index (RSI) indicates that the lower time dominates the action of sui prices. The RSI has slipped under the neutral line and has been at its lowest level since August 2024. This suggests that wider market conditions are not favorable to a resumption during the immediate term.
The extended bearish feeling, reflected in the RSI trajectory, highlights a lack of purchase pressure. Merchants are closely monitoring if the momentum can stabilize, because any new decrease could grow in deeper losses. The market currently does not have the signals necessary for a strong reversal.
Despite the slowdown, the CON -remaining financing rate remains positive, indicating the persistent optimism of traders. This trend has persisted since the beginning of the year, following the formation of the summit of all time of Su. In particular, this contrasts with December 2024, when merchants placed short contracts even during minor drops.
The positive financing rate suggests that traders believe in the long -term potential of supper despite current challenges. This optimism ensures a certain stability for the cryptographic token, which could prevent a high sale if the wider market conditions are starting to improve.
PRICE PRODUCTED: Find a way back
The Prix de SU has dropped by 22% in the last nine days, currently negotiating at $ 3.87. The crypto recently lost the support level of $ 4.05 but remains above critical support at $ 3.69. Maintenance of this level is essential to prevent the short -term decline more.
At its current monthly stocking, SU remains vulnerable to additional losses. However, maintaining support over $ 3.69 could prevent a large accident and buy time for potential market stabilization.
In order for the lower perspectives to be invalidated, SUP must recover $ 4.05 as a support level. This would prepare the ground for a potential recovery, allowing Altcoin to target $ 4.35. This decision would help to compensate for recent losses and restore the confidence of investors.
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