💧 SUI’s Comeback – Will the Momentum Continue? 💧
After hitting an ATH of $2.36 two weeks ago, $SUI faced a challenging dip, barely holding above $1.60. But in the past 24 hours, SUI has rocketed back to $2.00 with an impressive 26% surge! 📈
Key Indicators to Watch:
🔹 RSI: Currently around 58, signaling bullish momentum without yet being overbought.
🔹 SMA & EMA: Both pointing to an upward trend, supporting positive sentiment.
🔹 MACD & AO: Suggest caution, as fluctuations remain a factor.
Beyond charts, other major events may impact Sui's future:
📅 Token Unlock on Nov 1st: 64M+ new tokens (2% of supply) could add liquidity and price shifts.
🗳️ U.S. Election: Might indirectly affect market sentiment, influencing SUI’s course.
While SUI’s bounce is impressive, it’s early to call another ATH – we should keep an eye on $BTC movements for cues.