The price of the sui shows the clues of a possible return. If certain price targets are met, it jumps from the level of support that can indicate a change of direction.
Bitguru I noted this “The water shows a potential reversal symptoms after leaping at a low level of $ 2.18.
The sui mine was clearly moving down between 28-29 March. During this time, the price fell from $ 2,8997 to $ 2,1824, and created a lower and lower pattern.
Move this downwards heavy sales pressure In SUI, it pushes to low levels that have not been seen in recent weeks and allow investors to worry about further decrease.
Symptoms of reversing the price of a potential water
After reaching a low level of $ 2,1824, the water was returned and reached $ 2,5267 on April 1. This leap was a possible reversal when buyers began to support the price.
Although the price was worth $ 2,5496 for a short time, it could not force much more. This showed that when buyers were present, they were not strong enough to fully reversed the downward trend.
Read also: We asked AI to estimate the price of water in April
The price of sui at a turning point
As of today, the water was withdrawn to create a height of lower than $ 2,3555 and showed that the upward momentum has been weakened for now.
The market is now testing a critical support zone around $ 2.23, very close to the last low level. This level has become the main focal point for its water traders, as it could later determine what will happen.
If the water is $ 2.23 and breaks over $ 2,3555, it may vary to prefer momentum receivers. This can lead to another test of the $ 2.5-2.6 range by confirming a real trend change.
However, if support of $ 2.23 is disrupted, the water can return to a prior 2.18 or lower level, which weakens the case of reversal and probably continues its downward trend.
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