The Suppre price has been quietly consolidated in the last four days, the market is moving mainly on the side. However, an article of an analyst on X indicates that this calm may not last much longer. According to the update, Suis could prepare for a major movement up.
At the time of this position, the AC Prix is negotiated around $ 3.56, holding stable while the traders are waiting for a rupture signal. The interest around SUP has been built regularly, in particular after recent bruise developments through the larger Altcoin market.
Suited an optimistic pennant
SaroshA crypto analyst, stressed what he called an extremely Haussier configuration Forming on the Table Prix Table. He described the current model as an example of a bull pennant, one of the strongest continuation signals of the technical analysis.
In his article, Sarosh explained that the Suis Price had already experienced a solid vertical rally, supported by a massive trading volume, creating a “mast”. After this rally, Suis entered a tight consolidation phaseWith higher stockings and lower ups, tightening in a narrowing range. This type of configuration generally suggests that the asset collects energy for another big movement.
Adding to the bullish image, Sarosh stressed that SU is currently negotiating above its simple 200-day mobile average (200DSMA), which is a classic sign of strong positioning. He also noted that the RSI is seated at a healthy 77 which is high but which does not yet report exaggerated exhaustion. Meanwhile, the stochastic indicator is flat near the summit, suggesting that the market simply awaits a catalyst.
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What is the next step for Suis Price?
According to Sarosh, the key is to monitor an escape over the penalty trend line of the pennant. If SUD manages to break out with an increase in the volume of negotiation, the decision could quickly extend to the range from $ 4.10 to $ 4.20. This would mark a strong continuation of its anterior rally and confirm the bullish configuration.
However, Sarosh also mentioned the thin possibility of ventilation, which he considers very improbable given the current conditions of the Haussier market. If the Su sur prize should decompose, solid support is nearly $ 3.20, around the 200dsma and the top of the last rupture zone.
According to his own words, Sarosh described this a “model of massively bullish continuation”, but he stressed the importance of patience. Traders should wait for confirmation before jumping, leaving to “show your hand” before acting.
At the time of this position, Suis continues to exchange in a tightening range, keeping traders on board for the next big movement.
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