Sui (SUIUSD) Price Forecast: September 19
Today, the Sui market indicates a good buy signal and shows signs of recovery, consistently hovering above the supply level. The coin is facing a new correction, heading towards the overhead resistance, providing a stronger foundation for further price increases. Hence, a possible breakout from the $1.182 current supply level will offer a higher footing for prices to bolster further price rallies, extending the potential race to hit the $2.181 previous high and beyond, signaling promising growth ahead.
Key Levels:
Resistance Levels: $1.165, $1.175, $1.185
Support Levels: $0.700, $0.600, $0.500
SUI (USD) Long-term Trend: Bullish (Daily Chart)
The Sui pair is currently undergoing a market correction and indicates a good buy signal as it remains bullish on the higher time frame. The price is heading towards the upper channel above the moving averages due to the high impact from buyers.
The high order flow from the bulls to the $1.112 high value in the last session also added to this bullishness. However, the coin market indicates a good buy signal as it heads towards the upper channel.
The current price of the SUIUSD pair at the $1.182 resistance level above the EMA-50 as the daily chart opens today indicates a good buy signal and gives room for a more bullish impact on the market, signaling a promising growth ahead.
Hence, a strong push by the bulls above the $2.181 supply level will offer a strong footing for buyers, leading the Sui price towards the upper resistance to stabilize the bullish momentum.
Additionally, the price of SUIUSD pointing upwards on the daily stochastic suggests a good buy signal as the market remains above the moving average, offering a buy potential for the coin traders. In light of this, the bulls might move the price action up and may likely hit the $2.181 high mark soon as the coin price indicates a good buy signal in its higher time frame.
SUI (USD) Medium-term Trend: Bullish (4H Chart)
The SUIUSD pair is progressing upward and indicates a good buy signal with a bullish sentiment in its medium-term outlook. The coin price is approaching the upper resistance level above the EMA-50, suggesting a high bullish trend.
The bulls’ action at the $1.106 supply level in the past few hours has enabled the Sui price to remain stable at the upside and indicates a good buy signal in its recent high.
At the press time, the bulls made an impressive move up with a long bullish candle to the $1.182 resistance level above the EMA-50 shortly after the 4-hourly chart opens today, indicating a good buy signal for the coin buyers.
Trading above the moving averages will enable the market value of Sui to keep rising. Thus, closing the 4-hourly session above the $1.182 current supply value will put the trade more on the buy side, indicating a good buy signal.
Similarly, the price indicator pointing upwards on the daily stochastic indicates a good buy signal. Hence, if buyers should intensify their tension in the market and the prices break above the current resistance trend line, a bullish trend continuation towards the upper channel at the $1.200 upper resistance level is possible soon in the medium-term outlook.
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