Crypto analyst Ali has identified a development for SUI token holders, as technical analysis suggests a potential price reversal on the horizon.
According to Ali’s analysis of the SUI/USDT, the TD Sequential indicator has flashed a buy signal on the 12-hour timeframe, hinting at a possible end to the recent downtrend.
The SUI token has been caught in a persistent downward trend, characterized by a series of lower highs and lower lows that have dominated recent price action. However, this bearish momentum may be reaching its limits, as indicated by the latest technical signals observed by Ali.
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SUI Technical Signals Point to Potential Reversal
The emergence of a green number “9” on the TD Sequential indicator is particularly noteworthy. This technical formation, accompanied by a green arrow on the chart, typically manifests after nine consecutive candles close lower than their predecessors four periods prior. In technical analysis circles, this pattern is often interpreted as a sign of trend exhaustion and a potential reversal point.
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Adding weight to this bullish signal, a green candlestick has formed following the TD Sequential setup, suggesting that buyers may be starting to step in. This early sign of buying pressure could mark the beginning of a recovery phase for SUI.
Critical SUI Price Levels to Watch
As highlighted in Ali’s analysis, the price is currently approaching a significant moving average line, which could serve as a key battleground between buyers and sellers. A successful breach above this dynamic resistance level, especially if accompanied by strong trading volume, would provide additional confirmation of the anticipated rebound.
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While the technical setup appears promising, experienced traders know that confirmation is key. The market’s response around the moving average level and subsequent trading volume will be crucial in validating this potential reversal signal. As Ali’s analysis suggests, traders should remain vigilant and monitor these factors closely before making trading decisions.
A sustained move above the moving average, coupled with the formation of higher highs, could signal the beginning of a new uptrend. However, failure to overcome this resistance level might indicate that the bearish pressure hasn’t fully subsided, potentially leading to a continuation of the downtrend.
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