SUI has lost 43 %value since the beginning of the year and continues to shake the trust of investors. Although the price attempted to recover many times, a permanent rise trend could not be caught. The cautious attitude of investors prevented the upward movement of SUI, while technical indicators began to sign signs of a possible recovery in the future.
Water technical indicators send healing signals
The Moving Average Convergence Divergence (MACD) indicator is moving towards a possible Taurus Crossover. This may indicate the first positive rotation of the water for about a month if confirmed. This development can encourage investors looking for momentum and initiate a recovery rally in the short term.
However, a cautious atmosphere is still dominant in the market. The traders are waiting for net signals before taking important steps. Even Macd’s crossover may not reversed the current bear market atmosphere. Therefore, investors may need to be patient.
Water capital flows and critical support level
The Chaikin Money Flow (CMF) indicator reveals that capital outputs continue and market participation remains low. Since the beginning of the moon, the CMF has not been able to rise above the zero line, which shows that the demand for SUI is weak.
The price of SUI has now increased at 3.25 dollars and 6 %in the last 24 hours. However, it is unclear whether this increase is permanent. Protecting the price of $ 3.18 of the price may pave the way for short -term recovery. If this support level is maintained, the price may rise to $ 3.69.
How can the expectation of investors change?
The loss of 3.18 dollars of SUI may lead to a decline in $ 2.85 again. Breaking this critical level of support can trigger more loss and delay hopes for recovery. It is important that investors pay attention to market signals and act strategically in this process. Water investors continue to move carefully while waiting for a long -term recovery in the market. According to current data, the increase in market participation may accelerate the recovery process. However, the rise of capital inflows and the strengthening of the transaction volume is critical to ensure that water is a strong level of support.
Such a development can refresh the investor confidence and bring the continuation of the upward movement.
