Crypto Money Analyst Jason Pizzino drew attention to possible risks by evaluating the price movements of SUI. Pizzino, which addresses 345,000 subscribers on Youtube, said that SUI has exhibited similar price movements in the past. According to the analyst, the asset is currently in a wider price range compared to previous corrections and in a longer decline process. Pizzino said he could experience deeper corrections if he cannot maintain $ 2. This situation, which has similarities with the price movements seen last year in April-August last year, raises critical levels for investors.
The fall process and support levels of SUI
Pizzino stressed that SUI has experienced a longer -term decline compared to previous correction processes. The water, which could not maintain $ 2 before, had declined to around $ 1. Analyst states that a similar scenario may be experienced in the current process.
If the price loses $ 2 support, $ 1.60 and lower levels may come to the agenda indicating that Pizzino, investors should watch these levels carefully, he said. In this process, which is similar to past data, it is of great importance whether support levels can be protected.
Pizzino said, “Water is trying to maintain 50 percent similarly to the previous course. However, when the decline reached 58 percent, a similar base was formed, ”he compared the current price movements with the current situation.
Current market data and investors should pay attention
The water is traded at $ 3.60 by increasing 14 %in the last 24 hours. However, Pizzino warned investors against sudden price changes. Especially if the panic sales continue to continue to go below the $ 1.60 level of SUI, he said.
Analyst pointed out that the current tendency to rise may be misleading and that investors should carefully do risk management. Pizzino stressed that the protection of support levels is critical and whether the price will decline to $ 2.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
