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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Breakdown from the 0.9001–1.264 range on Oct 29, holding under it, price in the lower third of the move since
The setup is clearly bearish while SUI stays under 1.307: a double top has completed.
Backing it: it broke down from its month-long range and has held it and the weekly chart is down.
Price is under the 50-day average (1.022). It is under the 200-day average (0.8627).
The last 5 days are down 1.8%, nearly every high lower than the one before.
Price is 12.0% under 0.9620, the top of the range it has built since the bounce, and 2.4% over 0.8272, the low of that range.
The first warning would come earlier: a daily close over 0.8815, the old low it broke down from, 3.9% away.
What kills the setup: a daily close over 1.307, 35.2% away.
For it: price is under the average price buyers have paid since the 0.6332 low, 0.9088, so those buyers are losing money; Momentum favours the sellers (RSI 40): their closes have been stronger.
Against it: the selling is losing force: price made a lower low, but momentum (MACD) did not follow it down.
While SUI stays under 1.307 the setup stays bearish; 0.8272 is the next line it has to break.
A 1D close above 1.307 ends the double top; no tested level above it on this chart — the next round number is 1.500.
A 1D close below 0.8272 breaks down out of the range; the next level down is 0.8088.
0.8272 is where buyers keep showing up: it held 6 of 9 visits — a heavy volume shelf, 2.0× the volume of an average price band on this chart. It is also the prior week low.
0.9620 is the ceiling — the top of the range. It is also the 0.5 retracement of the chart's whole range.
On Oct 29 SUI closed below the 0.9001–1.264 range it had held for a month. It slipped back inside on Oct 30 and is under the old floor, 0.9001, again now.
Price is in the lower third of the 0.8272–0.9620 range.
The weekly picture: a weekly downtrend, 84% under the cycle high; on the daily, price is below the 200-day average (0.8627), and the 50-day average is above the 200-day average. The daily has no trend of its own.
Against BTC: over the last 5 daily candles SUI moved -1.8% and BTC -1.2% — SUI is moving with it.
The trend has been the sellers': the weekly chart is down. The indicators pull both ways: MACD shows a bullish divergence — price set a lower low that momentum did not confirm; but price is under the average price buyers have paid since the 0.6332 low, 0.9088, so those buyers are losing money.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 2.0 | +136.2% | swing, read |
| Swing high | 1.264 | +49.3% | swing, read |
| Prior week high | 0.9680 | +14.3% | calendar, fib |
| Read ceiling | 0.9620 | +13.6% | read edge |
| Golden pocket | 0.9085 | +7.3% | golden pocket, swing |
| Resistance | 0.9001 | +6.3% | calendar, fib |
| Golden pocket | 0.8856 | +4.6% | golden pocket, swing |
| Swing high | 0.8815 | +4.1% | swing, read |
| Prior day high | 0.8747 | +3.3% | calendar, fib |
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