Analyst sees buy signal for Sui after drop to $0.71

Technical analyst alicharts sees a possible turning point for Sui. A TD Sequential buy signal is appearing on the daily chart, which, according to the analyst, suggests that the recent decline of SUI may be coming to an end. At the time of the analysis, the price is around $714.

Sui is available at OKX and Bybit.

In brief:

• The Sui price has been steadily declining over the past few days to $714
• Analyst alicharts sees a TD Sequential buy signal on the daily chart
• According to the analyst, a recovery of one to four daily candles is possible, or the start of a new upward trend

Sui falls from $0.87 to $714

The chart shared by alicharts clearly shows that Sui has lost significant ground over the past week. From a level of around $0.87, the price gradually slipped toward $714, where it stood on 3 September.

The decline unfolded through a series of red daily candles without any notable recovery. The price briefly tested levels around $0.79 and $0.75, but found no support there to stage a return toward higher levels.

TD Sequential gives signal at current price

A TD Sequential signal is now appearing on the daily chart, visible as a “9” with an upward arrow. This technical indicator system counts consecutive candles in the same direction and issues a signal when possible trend exhaustion is reached.

Alicharts states that the signal points to a possible recovery of one to four daily candles, or the beginning of a new upward phase. How strong and prolonged that recovery will be cannot yet be determined from this signal alone. The analyst says the situation will be monitored in anticipation of a price increase.