Sui is currently sitting in a “sweet spot”, where the main structural support meets the average VWAP. This alignment creates a strong technical basis, indicating a possible outbreak with the intervention of buyers at this critical level.
The main support level near compatibility with the average VWAP
in mail In X, Cryptopulse drew attention to the last SUI movement at prices, noting that the symbol withdrew to what is described as a “sweet spot” for potential purchase opportunities. The price has not been touched by VWAP (the average price of the weighted size) is currently sitting directly at the decisive structural support level about $ 3.50.
This region was a major interest in the analyst, who was waiting for patience to reach this level before intervention. VWAP is rapprochement and structural support creates a favorable preparation that is often strong upward movements.
Basically, SUI also acquires the increasing recognition and traction within the ecosystem of the cryptocurrency. The existence of the increasing project, along with the structure of the solid plan, enhances the possibility of great potential in the coming weeks and months.
Currently, the analyst is active in his position, and sets a preliminary goal at $ 5. However, they remain optimistic that this setting can greatly extend if the momentum continues to build and break the main technical levels. With all of the technical and basic factors, Cryptopulse views SUI as a project that is closely seen to make possible great gains.
The Sui Promotion scheme appears, but the setting needs to be confirmed
Share additional visions in separate mailThe ALGOCATS is highlighted that SUI is currently presenting a very promising preparation for the scheme. The analyst pointed out that although the structure seems favorable, they are waiting for a more specific formation of its development, which will provide a clearer sign for a long situation before looking at an entry point. Their goal is a major resistance area that has seen several former fake and teams, which represents a critical level as the price procedure can accelerate.
This resistance area is essential to their trading plan, as it can serve as a starting point for a possible outbreak if dealt with it through the correct preparation. However, Algocats emphasized that patience is the key, and he intends to wait for confirmation before making any step.
Until this confirmation reaches, the focus remains on monitoring how SUI behaves around the current levels. Algocats is prepared for work, but only when the chart provides a clean and self -confident signal.
At the time of writing this report, SUI was trading at $ 3.54, indicating an increase of approximately 3 % over the past 24 hours. The trading volume increased significantly by more than 33 % last day.
The post SUI In A Sweet Spot: Structural Support And VWAP Align For Potential Breakout first appeared on Investorempires.com.
