SUI/USDT Technical Outlook
The SUI chart shows a clear falling wedge pattern. This pattern often leads to an upward breakout because the price is getting squeezed with lower highs and higher lows. As the price moves inside the narrowing range, a breakout is likely soon.
These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.