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SUI

Sui Faces Critical Support Levels After Hack Impact

The Sui price recently declined following news of a hack and is currently at a critical decision point. The 3.80 level is vital for maintaining the upward trend; losing this level would confirm a downward trend. A liquidity zone exists at 3.70, which is exerting downward pressure. If this zone is breached, a further decline to around 3.36 seems likely. The nearest support is at 3.36; if it also falls, then 3.11 becomes the last stronghold. For an upward movement to resume, the price must stay above 3.80 consistently and then surpass 3.94. Achieving this could result in a new "higher high", with the next target at approximately 4.57.
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AI Analysis

The recent hack incident has significantly impacted Sui's price, triggering a downside correction that tests key support levels. The 3.80 mark is crucial as it represents the trendline boundary, where...

AI Recommendation

Given the current technical situation, traders should exercise caution. It is advisable to monitor the support levels at 3.80 and 3.36 meticulously; a bounce from these levels could signal a buying op...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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