The recent market trend in the crypto space really makes it hard to see through. With sideways consolidation, many people are starting to lose confidence, and you see headlines everywhere saying, "Instead of chasing highs and selling lows, better to put your money in the bank." But I want to say, if you miss this SUI opportunity now, you'll probably regret it when you look back next year.
These days, I've been studying SUI's weekly chart quite a bit, and the more I look, the more I feel this is truly the accumulation phase. Do you know what a "money-raising pattern" is? Today, I want to break down this topic thoroughly.
Starting with the basics—the double bottom pattern. This appears frequently in technical analysis, and the principle isn't complicated: after the price drops, it tests the bottom twice in the same area but doesn't break below, forming two similar lows. This is called a double bottom. Once the price breaks above the "neckline" connecting these two lows, the upward potential opens up. Currently, SUI's weekly chart presents this classic pattern, even more clearly than some of the examples I used in my analysis class.
Back to SUI itself. From a macro adjustment perspective, this correction has already completed about 75% of its retracement. What does that mean? It means the overhyped bubble from earlier speculation has basically been squeezed out. The current price is closer to the true value zone, and psychologically, there's less burden.
Here's the key—SUI's current price is stuck at a very sensitive level. The support line of the long-term upward trend, combined with a structural support overlap point, is roughly in the range of 1.35 to 1.45. How important is this price level? My personal judgment is that this is the watershed for whether SUI can continue its bullish run. Holding this level gives the bulls a chance to turn things around; if it can't hold, then everything else is a different story.
Some might ask, "What if it really doesn't hold?" That's a reasonable question. But I want to say that even if there's a short-term pullback, this position remains a good opportunity for long-term positioning. Every touch of the bottom area is an opportunity for patient investors to build positions. Of course, risk management always comes first, and setting stop-losses properly is essential.
Overall, the technical signals for SUI currently lean towards constructive. Clear double bottom pattern, multiple confirmations of support levels, ample correction—these all point in one direction: the market may be brewing the next wave of行情. When it will start depends on market sentiment and the overall trend, but from a pattern perspective, it's definitely worth paying more attention.
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ShitcoinConnoisseur
· 10h ago
You've already talked about the double bottom so many times; the key is when will the market stop bleeding?
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PortfolioAlert
· 11h ago
It's another double bottom pattern, a watershed. Just listen and don't take it too seriously.
If you can't hold, you can't hold. All patterns are useless.
Can 1.35 to 1.45 really hold? I feel uncertain.
Stop trying to persuade me. If I could have gone all in, I would have already. Who still has money now?
I'm choosing to stay flat this wave, waiting to see the results next year.
The recent market trend in the crypto space really makes it hard to see through. With sideways consolidation, many people are starting to lose confidence, and you see headlines everywhere saying, "Instead of chasing highs and selling lows, better to put your money in the bank." But I want to say, if you miss this SUI opportunity now, you'll probably regret it when you look back next year.
These days, I've been studying SUI's weekly chart quite a bit, and the more I look, the more I feel this is truly the accumulation phase. Do you know what a "money-raising pattern" is? Today, I want to break down this topic thoroughly.
Starting with the basics—the double bottom pattern. This appears frequently in technical analysis, and the principle isn't complicated: after the price drops, it tests the bottom twice in the same area but doesn't break below, forming two similar lows. This is called a double bottom. Once the price breaks above the "neckline" connecting these two lows, the upward potential opens up. Currently, SUI's weekly chart presents this classic pattern, even more clearly than some of the examples I used in my analysis class.
Back to SUI itself. From a macro adjustment perspective, this correction has already completed about 75% of its retracement. What does that mean? It means the overhyped bubble from earlier speculation has basically been squeezed out. The current price is closer to the true value zone, and psychologically, there's less burden.
Here's the key—SUI's current price is stuck at a very sensitive level. The support line of the long-term upward trend, combined with a structural support overlap point, is roughly in the range of 1.35 to 1.45. How important is this price level? My personal judgment is that this is the watershed for whether SUI can continue its bullish run. Holding this level gives the bulls a chance to turn things around; if it can't hold, then everything else is a different story.
Some might ask, "What if it really doesn't hold?" That's a reasonable question. But I want to say that even if there's a short-term pullback, this position remains a good opportunity for long-term positioning. Every touch of the bottom area is an opportunity for patient investors to build positions. Of course, risk management always comes first, and setting stop-losses properly is essential.
Overall, the technical signals for SUI currently lean towards constructive. Clear double bottom pattern, multiple confirmations of support levels, ample correction—these all point in one direction: the market may be brewing the next wave of行情. When it will start depends on market sentiment and the overall trend, but from a pattern perspective, it's definitely worth paying more attention.