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

Two cryptocurrencies, SUI and Stellar (XLM), are currently trading at critical technical levels, and their next price moves will depend on how they perform in the coming sessions.

According to crypto analyst Ali Martinez, the TD Sequential indicator has just flashed a sell signal on the 3-day chart for SUI. This suggests that the crypto asset could be due for a short-term correction.

However, this bearish signal could be invalidated if Sエイジコインുന്നു. SUI breaks above the $4.30 resistance level. At the time of writing, SUI is trading below that critical mark, at around $3.75.

If the buyers fail to push SUI above the $4.30 zone and the sellers maintain control below it, then it could open the door for a deeper correction.

Next, traders will be watching the $3.75 level closely. It is the Fib 0.382 support zone, and if it holds, then it could help to limit any further declines by sellers.

On the other hand, a break below this Fib 0.382 support could extend the downward momentum and lead to the next Fib 0.236 support at around $3.15.

Stellar (XLM) is also at a key support level that it needs to keep to avoid a possible 14% correction.

As noted by the analyst, Stellar needs to hold the $0.27 support to avoid a 14% correction down to $0.23.

Traders will also be watching the $0.30 resistance closely. A breakout above this zone could propel XLM toward the next Fib 0.382 resistance at $0.35.

As both crypto assets are approaching critical levels, traders will be watching closely to see if there are any breakouts or breakdowns. This could help to dictate the short-term momentum for both assets.