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Don't remind me again today

SUI has been testing the support zone at $1.55 repeatedly, with a weak technical outlook but ecological progress being a highlight.

[Coin World] SUI is currently positioned at $1.55, which is repeatedly testing the long-term support zone between $1.30 and $1.60. This range has previously triggered several significant pumps.

From a technical perspective, the RSI has dropped to 35.31, and the MACD is also in a bearish formation. Overall momentum does seem a bit weak. However, upon closer inspection, it appears that the selling pressure is gradually weakening, which could be considered a positive signal.

Looking up, the key is to break through the barrier of $2.09. If it can hold steady, the area between $2.40 and $2.60 is a more realistic target, and if being aggressive, we might even see $3.20. But if it can't hold $1.40, then caution is needed—there is support at $1.00 below, which might be tested.

There are indeed some highlights in the fundamentals. The ecosystem has been steadily progressing, especially with the recent launch of the derivatives platform AftermathFi, which has significantly improved the overall completeness of the ecosystem. Such substantive application landing is considered a plus for long-term holders.

SUI23.99%
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MemeEchoervip
· 16m ago
Selling pressure is weakening, that's the key point. Someone is slowly buying at the bottom. --- Testing 1.55 again and again, when will it finally break above 2.09? I'm getting tired of waiting. --- The ecosystem progress is real, but the RSI on the chart is really uncomfortable. --- If 1.40 doesn't hold, I'm out. 1.00 isn't much of a safe haven either. --- Every time they say it's going to break out, every time it backfires. Do you believe it? I do. --- Whether the selling pressure continues to weaken depends on what happens next. One signal isn't enough. --- The technicals are weak but they're hyping the ecosystem anyway. I'm familiar with this trick.
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rekt_but_resilientvip
· 21h ago
sui has been stuck at 1.55 for so long, feeling like it will either break through or dip to 1.0, there’s no middle path. No matter how good the ecosystem is or how strong the fundamentals are, it all depends on whether the price can be strong. Right now, the technical side is indeed quite weak. The weakening of the sell orders is a signal, but I'm too scared to enter a position. Let’s wait for a breakthrough at 2.09, then we’ll know if it’s a real rebound or a false breakout.
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TestnetScholarvip
· 12-01 20:30
We still need to see if the selling pressure for SUI can truly weaken; the constant back-and-forth at 1.55 is a bit annoying. The ecosystem is indeed pushing forward, but I'm worried that the coin price can't keep up with the pace.
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MrDecodervip
· 12-01 12:23
1.55 This position really needs to be watched closely. It has rebounded several times after breaking through before, and the reduction in selling pressure is a good signal. The SUI ecosystem progress still has potential, but I’m worried that if the technical side is so weak, it really can't hold 1.40, then it would be troublesome. Breaking through 2.09 is key; otherwise, it's all just talk. Are we betting on this wave? RSI being this low is often a signal before a rebound, but it could also continue to test 1.00. It depends on whether the fundamentals can truly hold. If these ecosystem projects from AftermathF can really land, that would be great; just talking without action is useless.
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MeaninglessGweivip
· 12-01 12:22
I have a good view on the weakening of the sell orders; the hurdle at 1.55 might really be broken.
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MetaverseHermitvip
· 12-01 12:22
The selling pressure is indeed weakening, but this support level feels like it rebounds as soon as it is touched. I think I'll wait until 2.09 breaks before entering a position.
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RugResistantvip
· 12-01 12:19
analyzed the technicals thoroughly... RSI at 35.31 screams oversold but ngl the weakening sell pressure needs proper verification before calling it bullish. common trap pattern tbh
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AirdropHuntressvip
· 12-01 12:19
I noticed that the selling pressure has weakened, but the data shows that Large Investors' wallets haven't bought much in the past few days, which is a bit suspicious... Only if it breaks 2.09 can I dare to look at 3.20, isn't that too optimistic?
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TokenomicsPolicevip
· 12-01 12:11
I believe that the selling pressure has weakened, but with the RSI at 35, it's still lingering around. I feel like we should wait a bit longer.
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