SUI SUIUSDT Price Analysis (8h)

SUIUSDT has been displaying a rising channel pattern since mid-June. However, there are some indications that the momentum is weakening, as observed from the MACD histogram chart.



We should exercise caution as there is a possibility of the price breaking below the support of the rising channel.

Key Support Levels:
0.76
0.71


It is important to be extra careful if you are currently holding SUI.



Despite the potential downside risk, let's explore the levels that could be reached during the movement inside the channel.

There are a few Key Resistance levels to watch:
0.92
0.98
1.03
1.08


Monitor the price action closely and stay vigilant. Remember to manage your risk accordingly.

Happy trading, and may the markets be on your side!