The SUI shows signs of strength to protect its support zone from $3.50 to $3.60. and strong Momentum builds slowly and Altcoin sees a 13% breakout at $4.60 if the setup is held.
SUI owns the company at $3.60: signs of early recovery
According to recent X postanalyst GEMXBT shared his perspective on the SUI’s one-hour chart, pointing out signs of a potential recovery after the market found scaffolding at $3.60 Support level. According to GEMXBT, prices have managed to stay stable, currently consolidating around $3.64, suggesting that buyers are beginning to show interest after the recent DIP.
Gemxbt emphasized even more Moving AveragePlease note that 5MA is above 10MA. This is a signal that is often associated with the early stages of bullish momentum. In addition to the technical situation, the relative strength index (rsi) It settles around the neutral 50 zone, reflecting the balance of trading pressure. This shows that the market is not crucially tilting in favor of bulls and bears, leaving room for volatility while traders wait for direction.
Finally, he noted that moving average convergence divergence (MACD) had recently shown bullish crossovers. However, he warned that it was premature to call this a confirmed trend as the volume remains low Flip. For now, the setup looks constructive, but further confirmation is needed before we can declare that a stronger rally is ongoing.
Round bottom formations are reinforced in zones ranging from $3.50 to $3.55
In his recent 4-hour chart analysis Posted In X, ascend.sui draws attention to the current price structure of SUI, noting that the token forms a round bottom around the $3.50-3.55 zone. This level has historically served as a strong demand area, which is more important foundation for building bullish momentum than anything else.
He explained that if this base continues to be held, it could serve as a launch pad for important upside movements. Based on his predictions, recovery Over 13% is possible, and by late August the price will close to the $4.60 mark, within the next six days.
Ascend.sui also emphasized the strength of the bullish setup, describing it as a “stealth formation” that could make traders careless. Still, he warned that confirmation was important.
For the pattern to be fully verified, the SUI must be convicted and regained the $3.70 level. Once that level is cleared, happen The paper gains greater reliability and paves the way for a higher price target.
