Bullish Breakout or Bearish Breakdown? SUI Faces a Key Resistance Test

- SU is negotiated around the $ 3.24 mark.
- Liquidations in the past 24 hours have reached $ 5.44 million.
The loss of 1.05% in the market capitalization of wider cryptography pushed it to 2.92 billions of dollars. The fear and greed index is stable at 50, reflecting the neutral feeling of the market. Meanwhile, Suis posted a loss of 4.38%
The active optimistic price action could trigger it in positive territory. The daily life and the bottom of the assets are noted at a fork of $ 3.48 and $ 3.24. Currently, SUP exchanged at around $ 3.24, its negotiation volume increasing by 17.17%, reaching $ 1.41 billion. In particular, Altcoin has witnessed a 24 hour liquidation of $ 5.44 million.
SU has recorded a loss of more than 8% in the last seven days. Altcoin opened the week trade About $ 3.56, and he went to the weekly summit of $ 3.73. He could not escape the down pressure, reaching a hollow of $ 3.16.
Is it stuck in a lower cycle?
Correction in progress downwards could lower the price to the level of $ 3.21. Death training can trigger the assets to retest the support of $ 3.10. The loss of this level could initiate a regular drop, marking a decisive support or a level of resistance.
If the downward trend of Suits is reversed, the Bulls Awake could lead the price to the range of $ 3.35. Additional progress in the impulse of the prices of the asset could create a robust path to enter the bruise price trajectory, forming the golden cross to probably support the gains.
The Mobile Average Convergence Divergence line (MacD) and the signal line settled under the zero line. This indicates a lowering crossing and can trigger a potential downward trend. In addition, the Chaikin monetary flow indicator of Su (CMF) -0.05 suggests a slight sale pressure on the market, and the money rises from the assets.
In addition, reading the reading of Bull Bear (BBP) of the asset of -0.0983 signals That bears currently have the advantage, that the price can have trouble growing higher. The Daily Daily Force of Su (RSI) index found at 39.89 implies that the asset is in negative territory and could approach the occurrence zone.