SUI Token Approaches Key Resistance Levels
- Key Resistance Analysis: According to the latest Elliott Wave analysis, SUI token's critical resistance lies between $1.12 and $1.31, with a potential short-term price increase if it surpasses $1.31, while failure could lead to declines towards $0.97, $0.88, or $0.81.
- Price Movement Pattern: The current price movements are completing a classic five-wave downward pattern, and analysts indicate that without confirmation of a solid bottom, further declines may occur, targeting a range of $0.65 to $0.49, marking the potential end of the downward trend.
- Divergence in Market Sentiment: Some traders appear to be accumulating SUI at current levels, which could propel prices back to the $1.15 to $1.52 range, with analyst BitGu emphasizing the importance of sustained buyer support for a price rally.
- Critical Future Trend Range: Analysis shows that SUI's performance in the $1.00 to $1.20 range is crucial; maintaining above this zone may indicate a recovery trajectory, while dropping below could signal further declines.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00218 | 0.00242 | 0.00266 | 0.0029 | 0.00314 | 0.00338 | 0.00362 |
| Fibonacci | 0.00242 | 0.00261 | 0.00272 | 0.0029 | 0.00308 | 0.0032 | 0.00338 |
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