Even though the price seemed to break down on Sept. 25, falling to a low of $0.48, it regained its footing shortly afterward.
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Today, the SUPER price surged by 60% and made another breakout attempt. However, that was unsuccessful, since SUPER failed to close above the trend line, creating a long upper wick (red icon).
The fact that the trend line coincides with the $0.92 area makes it even more challenging to break out, considering that the area has existed for 140 days.
Therefore, a successful breakout could trigger a long-lasting rally, hitting the main resistance area at $1.54.
Momentum indicators support this rally. The Relative Strength Index (RSI) just crossed 70, while the Moving Average Convergence/Divergence (MACD) crossed 0.
The daily time frame analysis suggests a breakout is likely, taking the SUPER price to $1.54.
Bullish SUPER Prediction
The long-term SUPER prediction is also bullish, aligning with the positive one from the daily time frame.
Firstly, the weekly time frame shows a reclaim of the $0.50 horizontal support area after a deviation in April (black circle).
In the weekly time frame, the current resistance area represents the middle of the long-term range, and it is likely to fall after three breakout attempts.
If that happens, the range high will coincide with the 0.618 Fibonacci retracement resistance at $1.55.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
