Will SUI Price Rally Fade? New All-Time May Be On The Horizon

Despite recent gains, SUI’s chances of hitting a new all-time high (ATH) look slim but quite likely as investor sentiment cools and technical indicators point to a potential downturn.

While SUI’s price has been trending upwards, the technical indicators suggest a volatility squeeze is near. This typically signals an upcoming sharp price movement, but with trading volume dropping, it’s unclear if SUI has the support needed for a rally. The squeeze could just as easily lead to a price decline.

Adding to concerns, the Moving Average Convergence Divergence (MACD) shows early signs of a bearish crossover, indicating a possible trend reversal. This would be SUI’s first bearish crossover in nearly a month, hinting that the upcoming squeeze may favor a downward move.

Currently trading at $1.97, SUI risks falling below its key $1.70 support. If this happens, the price could drop to $1.45 or even $1.16 if investors start selling. While a broader market rally could push SUI to $2.18 and invalidate the bearish outlook, a new ATH seems unlikely in the near future.

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