Sui Crypto Price Outlook Turns Bearish as Sentiment Dips to Extreme Fear
- Price Decline Trend: Sui Crypto recently experienced a 6.62% drop, now valued at $0.906871, indicating a significant bearish shift in investor sentiment amidst a declining overall crypto market, which could lead to further selling pressure.
- Extreme Fear in Market Sentiment: The Fear & Greed index has fallen to 14, reflecting a cautious attitude among market participants regarding future trends, compounded by technical indicators showing 20 signals pointing towards negative outcomes, highlighting a lack of market confidence.
- Support and Resistance Levels: The current key support level is at $0.892584, and if the market continues to decline, it may reach this level, while resistance is noted at $0.955385, necessitating close monitoring of these critical price points to assess market direction.
- Short-term Price Prediction: Sui is projected to potentially fall to $0.694456 within the next five days, marking a decline of over 23%, which aligns with a 4.21% drop over the past month and a 53.05% decrease over the last year, indicating ongoing market pressure.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59809.382 | 63210.521 | 66987.722 | 70388.861 | 74166.062 | 77567.201 | 81344.402 |
| Fibonacci | 63210.521 | 65952.647 | 67646.735 | 70388.861 | 73130.987 | 74825.075 | 77567.201 |
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