Crypto
SUI Price Stalls at Resistance, Eyes Support Zone Re-Test
SUI is stalling at its pivot point of $0.81 after failing to break through the resistance level of $0.83.
The momentum oscillators, including MACD and RSI, have flatlined, indicating a loss of momentum in the rally.
A retest of the $0.77 SMA confluence is more likely than a clean breakout this week.
The technical picture suggests that SUI's rally has run out of gas for now, with a warning sign coming from the stochastic oscillator which shows a fast-line already in overbought territory leading a slow-line that hasn't confirmed.