SUI Channel Recovery Faces Key Resistance Levels

SUI must defend $0.84–$0.87 before attempting a recovery toward $0.94–$1.00 and higher resistance levels. Reclaiming $1.35–$1.45 would put the lower rising channel boundary back under scrutiny as potential support. A daily close below $0.84 could expose $0.78–$0.80, followed by another support area near $0.70–$0.74. Buyers are required to protect a few resistance levels and several support levels near the purchase price, if they do not, SUI will continue to decline in the market. SUI Must Hold Its Immediate Demand Zone Giannis Andreou (@gandreou007) argues that SUI must reclaim its former rising channel.

Source: CryptoNewsLand