SUI holds $3.30 as Bulls Eye Break Above $3.580

SUI holds $3.30 as Bulls Eye Break Above $3.580

In the weekly chart, a doji candle has been established. This normally is an indicator of market uncertainty. Crypto analyst Crypto Jobs highlighted a bullish retest at the 50% Fibonacci retracement level. A bounce is still possible as SUI holds at $3.30. Bullish continuation would be confirmed on longer timeframes by a weekly close above $3.580.

The major levels of resistance are at $3.62, $3.86, $3.98, and $4.18. To allow further progress, these will have to be broken. Furthermore, three demand zones are present at $3.27, $3.10, and $2.92 on the downside. Any movement below the mark of $3.30 would trigger a sentiment shift to bearish continuation.