After a recent surge, SUI Network (SUI) experienced a 30% correction, with prices approaching the $1.5 level, raising interest among investors. Historically, significant price corrections have often created entry points.
SUI’s current position could signal an opportunity for those awaiting a rebound. Given that the broader market has been consolidating, its upcoming price movements are under close watch.
Source: Trading View
Prices have settled below $2, a level buyers tried to reclaim recently. The attempt was met with resistance, suggesting SUI may continue its correction to around $1.67.
Traders have noted that establishing positions near $1.5 could yield gains as it stabilizes. This is creating anticipation for a possible run higher.
The correction aligns with the coin’s typical retracement range of 30% to 50%, which historically signals a prime buy zone.
Signs of Support Near the 50-Day EMA
The price has shown signs of support near the 50-day Exponential Movin
We współpracy z: https://www.thecoinrepublic.com/2024/10/27/could-sui-eyeing-1-5-zone-post-correction-be-prime-entry-point/
