Market Data 
SUI, the native cryptocurrency of the Sui blockchain, is showing signs of a potential price reversal. Recent technical analysis using the TD Sequential indicator suggests that SUI may be on the brink of an upward price movement. Traders and investors are watching closely as the daily chart flashes multiple buy signals, indicating that SUI could be positioned for a rebound.
According to Crypto Analyst Ali Martinez, The TD Sequential indicator is a powerful tool used by traders to identify market exhaustion and potential price reversals. It uses a countdown system to track the market’s momentum, helping traders recognize when an asset may be nearing the end of its current trend. In the case of SUI, the TD Sequential indicator has reached a critical “9” count on the daily chart, signaling that the asset may be nearing the end of its downtrend. This is a key signal for traders, as the “9” count often marks the potential for a reversal, suggesting that SUI could soon see a shift in price direction.
The appearance of the “9” count on the TD Sequential chart is particularly important. This signal typically indicates that the market’s current trend whether bearish or bullish is losing momentum and may be ready to reverse. In the case of SUI, the “9” signal suggests that the cryptocurrency’s recent downtrend may be nearing its end. This has prompted traders to consider the possibility of a price rebound. As the market sentiment shifts, there is growing optimism among traders that SUI could soon experience a change in direction.
SUI Price Action, Support Levels, and Outlook
The daily chart of SUI reveals a series of bearish candlesticks, which have been characteristic of the asset’s recent downtrend. However, the most recent candlestick stands out, marked by a white box, signaling a potential change in direction. This contrast between the previous bearish candles and the current candle suggests that the selling pressure may be subsiding, and buying momentum could be starting to build. The price of SUI has also seen an upward move, rising from $2.0881 to $2.2037, a 5% increase, which further strengthens the case for a potential price reversal.
For traders eager to take advantage of SUI’s potential rebound, monitoring key levels of support and resistance is essential. These levels are critical in understanding the boundaries of price movement and can help traders gauge whether the asset is likely to continue moving upward or face further resistance.
The immediate support level for SUI is located around $2.14. This level has previously served as a point of rebound, where the price of SUI has bounced higher. If the price can hold above this support level, it would suggest that the upward momentum could continue. On the other hand, the next resistance level to watch is around $2.30. If SUI manages to break through this resistance, it could trigger a larger rally, attracting more buying interest and possibly leading to further price increases.
With the TD Sequential indicator flashing multiple buy signals, traders are closely watching SUI’s price action to determine if this rebound is the beginning of a larger rally or simply a short-term correction. The next few days will be critical in confirming whether the current price movement is sustainable. As the market continues to react to these buy signals, the volume and price action will be key factors in determining whether SUI can maintain its upward trajectory.
