The post Sui Price Recovering As This Indicator Says It’s Time To Buy appeared on BitcoinEthereumNews.com.

The TD Sequential indicator on the Sui (SUI) price 12-hour chart has shown a buy signal that hints at a price bounce. According to analyst Ali Martinez, the indicator has just flipped the trend from down to up during a prolonged downtrend. TD Sequential buy signals historically have led to potential price waves upwards. It comes at a time when SUI price has endured considerable pressure downwards, with the cryptocurrency trending lower and lower from its recent peaks. The sell-off has been owing to broader crypto market corrections and macroeconomic uncertainty. Source: X SUI Gains Over 6% in 24 Hours Sui price saw 1.9% surge in 24 hours and was trading at about $4.22 at the time of writing. Market sentiment remains bullish, with technical signals showing clear buying interest after the trading volume has jumped about 36%. – Advertisement – This price uptick correlates with increasing interest in layer one blockchain networks, which provide high-speed, low-fee transactions like so many of the previous month. Recent data shows Sui crossed the $8 billion transaction mark, demonstrating its growing popularity. Source: X Market Outlook and Technical Analysis for SUI Price Looking closer at Sui’s market structure, we see that signs of a comeback are promising. On the 12–hour candlestick chart, you can see a worthy downward trend to the TD Sequential buy signal. After that, the price found support at the $3.60 level and rebounded. The 4-hour Sui chart shows a clear downtrend in which the price has failed to break above important moving averages. All three SMAs (50, 100, 200) (yellow, green, and blue, respectively) are above the price. This supports a bearish attitude. More recently, the price attempted to bounce off the 50 SMA but was met with resistance at the same cohesion. As the downtrend persists, we continue…

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Filed under: News - @ January 31, 2025 5:26 pm