Key point:
Bitcoin (BTC) consolidated after reaching the summit of $ 123,218. Although BTC has not abandoned a lot of land, its decrease in the domination of total market capitalization of cryptography shows that money takes place in altcoins.
SU (Sui) will he be one of the beneficiaries of this season? Let’s analyze the graphics to discover it.
SUD price prediction
Sui took momentum after exceeding the 50 -day single mobile average (SMA) ($ 3.10) on July 10.
The UP movement has reached the resistance of the general costs of $ 4.30, where sellers should set up a solid defense. There is a support at $ 3.81, then to the exponential mobile average of 20 days (EMA) ($ 3.37). If the price bounces from the 20-day EMA, the Bulls will again try to drive the SUI / USDT pair above $ 4.30. If they manage to do so, the pair could drop to $ 5 and possibly $ 5.37.
This optimistic view will be canceled in the short term if the price drops and breaks below the 20 -day EMA. This suggests that the bulls lose their grip. The pair can then fall on the 50 -day SMA.
In relation: 3 graphics scream “ it is the Altcoin season ” while the domination of Bitcoin strikes the stockings of 8 weeks
The pair completed a bullish head and reverse shoulder pattern at a fence above $ 3.55. The sellers try to stop the rally at $ 4.10, but the rebound of the 20 EMA on the 4 -hour table indicates a positive feeling. The pair could come together at $ 4.30, which can act as rigid resistance.
Sellers will have to pull the price lower than $ 3.55 to gain the top. The pair can then increase to $ 3.30 and later to $ 3.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
