[Analysis] Sui Flashes Buy Signal on 12-Hour Chart, Pointing to Further Upside
Summary
- Ali Martinez said the TD Sequential indicator had flashed a new buy signal on Sui (SUI)'s 12-hour chart.
- Martinez said the TD Sequential signal has been relatively accurate in identifying trend reversals in recent Sui price action, and that the previous signal appeared after an about 17% gain.
- Sui was trading at $0.72, down 0.59% from a day earlier, according to CoinMarketCap.
A bullish technical signal has emerged for Sui.
On September 13, digital-asset analyst Ali Martinez wrote on X, formerly Twitter, that the TD Sequential indicator had flashed a new buy signal on Sui's 12-hour chart. He said the signal could mark the start of the token's next upward leg.
TD Sequential is a technical analysis indicator used to identify trend exhaustion and potential reversals based on price moves over a set period. A "9" reading on a chart is typically interpreted as a sign that a short-term trend may be about to reverse.
Martinez added that the indicator has been relatively accurate in spotting trend reversals in Sui's recent price action. The previous signal appeared after Sui had climbed about 17% and accurately foreshadowed a shift in momentum.
As of 6:43 a.m., Sui was trading at $0.72, down 0.59% from a day earlier, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.