SUI price defends key support despite recent token unlocking

The SUI price continues to hold over its key support zone despite recent token unlocking and reflects a potential bullish reversal if you can be beaten above the level of key resistance of $ 2.52.

Sui (Sui) currently traded of $ 2.31, floats above the key support zone between $ 2.10 from 2.20, despite that Recent token unlock 1. April, the price held this level from 11. Marta, after reaching the lowest of about $ 2 this year, after the fall from their $ 5.35 in the amount of $ 5.35.

However, Sui The price is still in a a clear trend As it trades below the 20-day exponential average average average to $ 2.41 and 50-day simply moving in the amount of $ 2.67. The 20-day EMA acts as imminent resistance, which suy tried to break it at the end of March and even briefly touched the 50-day SMA, but faced with rejection. RSI is 45.09, which means that the momentum is weak, but it improves. Ma is based in RSI at 46.35, showing that customers’ strength is slowly increasing, but it is still under the 50-neutral brand, so the bulls are not in control yet. It is currently not obvious that it is not obvious that the main spike is in quantity, which means that the market remains uncertain.

This is said, the graph looks slightly boling, especially since SUI holds above its key support zone between $ 2.10 from 2.20 in a few weeks. In addition, the price did not make a new lower than 11. Marta and tested 20-day EMA repeatedly, which means that customers cause short-term resistance. If the price continues to hold immediate support and erupts above the following resistance zone to 2.50 USD 2.55, it could lead to a trend reversal, with the following major resistance to $ 2.67 (50-day SMA).

Similarly, it is recently technical analyst Ali Martinez noted This price SUI formed reverse head and shoulders, which can indicate a short-term turn of Bukres, if it breaks down of $ 2.52.