SUI Cryptocurrency Recovers 15% After Death Cross

On March 12, 2025, the cryptocurrency SUI experienced a notable recovery from a dip to $2, showing signs of aiming to spike over $2.3 in the near future. The day began with SUI starting at $2.10, attempting to break out of a trading range that had started late the previous day. However, a death cross at midnight led to a drop to $1.96 by 01:50. A significant golden cross at 01:20 triggered a strong reversal, initiating an upward trend that saw SUI slowly climb to $2.20 by 06:15 UTC. The price then entered a trading range, fluctuating between $2.16 and $2.21 resistance for about six hours.

The breakout from this range occurred in a downward direction, marked by a slight death cross at noon, which brought the price down to $2.12 by 13:15 UTC. Rapid movements on the MACD followed, with a golden cross and a death cross in quick succession, causing the price to spike back to $2.21 and then return to $2.13 within an hour. The death cross further pushed the price down to $2.07. At 15:05, the shorter EMA overtook the longer one, starting an upward trend that led SUI to touch the $2.21 resistance level again at 16:35 UTC.

As the short-term EMA took the lead, a correction was noticed, decreasing the price to $2.16. The overall uptrend persisted, with a golden cross at 18:00 sparking a quick surge, pushing SUI to hit $2.26 by 18:10. It broke past the $2.21 resistance, climbing steadily while the RSI entered the overbought territory. SUI peaked at $2.30 before a death cross on the MACD at 19:40 pulled it down to $2.22 support by 23:50 UTC.

Looking ahead, the SUI price prediction suggests that SUI is set to breach the $2.22 support. In the coming hours, a trading range could form around a new support level. The direction of the breakout from this range will determine the next movement. An upward breakout could lead to a correction phase before forming another trend, while any downward movement would result in the formation of a new support and a strong resistance near the current support levels.

The day was characterized by several gradual trends, with SUI steering clear of the $2 mark. Bullish sentiments could lead it further upward, but it remains to be seen if the momentum will be sustained or characterized by downward movements during the ascent. The overall trend indicates a potential for SUI to recover and aim for higher levels, but investors should remain cautious and monitor the market closely for any changes in direction.