According to current technical analyzes, water can maintain power for the target of $ 4 if it can maintain its level of $ 3. While the recovery process continues in the crypto market, water stands out among the coins with a large rise potential.
Pay attention to these levels as SUI investors end
According to technical analyzes, water is a “double dip” formation, which tends to rise in the daily graph. In addition, the signal of Positive Price Difference (Bullish Divergence indicates that the rise may continue.
During the last price drop, he tested the water support of 3 dollars, which is a critical level and the 200 -day exponential moving average (EMA) for the second time. As a result, a powerful bull candle (Bulish Engulfing Candlestick) was formed, which supports the expectations of rise.
When we look at historical price movements, it seems likely to reach $ 4.05 with a 24 %rise if SUI remains above $ 3.
Investor and Trader Trends Mixed
Despite the recovery of the market and the rise signals, some long -term investors began to send SUI to the stock market.
- In the last 48 hours, there has been $ 6 million in the stock market.
- This shows that long -term investors can start a potential wave of sales.
Investors opened a long water position of 25.5 million dollars
On the other hand, short -term investors want to take advantage of the rise tendency of the market.
- Current liquidation data show that traders that open long positions dominate.
- The $ 3,11 level stands out as an extreme leverage region with a long position of 25.5 million dollars.
- The $ 3,389 level stands out as a region where short positions of $ 6.37 million intensify.
However, if the market sensitivity changes and the price increases below certain levels, positions at these levels can be liquidated. Considering all these data, it can be said that bulls are dominated by the market for the time being and a strong rise momentum in SUI in the coming days can be seen.
Kriptokoin.comAs we have transferred, water, at the end of January, eroding the bottom price zones with the support of new buyers gave the bull signals to the market again.
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