Here’s What Needs to Happen Next

Altcoins

SUI and XLM at Critical Technical Levels: Here’s What Needs to Happen Next

Two major altcoins—SUI and Stellar (XLM)—are currently trading at key support and resistance zones, with their next price moves hinging on how they perform in the coming sessions.

According to analyst Ali Martinez, the TD Sequential indicator has flashed a sell signal on the 3-day chart for SUI, suggesting a potential short-term correction.

However, this bearish signal could be invalidated if SUI breaks above the $4.30 resistance level. At the time of analysis, SUI was trading below that critical mark at approximately $3.75.

Meanwhile, Stellar (XLM) is also facing a technical challenge. It needs to hold the $0.27 support level to prevent a possible 14% correction down to $0.23. XLM is hovering close to that support, and a failure to maintain it could result in heightened selling pressure. 

Traders and investors are closely watching these levels as breakouts or breakdowns could dictate short-term momentum for both assets.

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Author

Kosta Gushterov

Reporter at Coindoo

Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.

Source: https://coindoo.com/sui-and-xlm-at-critical-technical-levels-heres-what-needs-to-happen-next/