$SUI
/USDT: Monitoring for Potential Reversal Amidst Slight Pullback📈📊🎯
Current Price: $4.5025
24h Change: -3.61%
24h Range: $4.4522 - $4.8680
24h Volume: 60.49M SUI / 283.49M USDT
Technical Overview 📊
1. Trend:
Bearish momentum in the short-term, with a -3.61% drop in the last 24 hours, showing slight price weakness.
Price is holding near the $4.50 mark, which could be a potential support level for a bounce.
2. Key Support Levels:
$4.45 (recent low, significant support to monitor)
$4.40 (further support if price continues to dip)
3. Key Resistance Levels:
$4.55 (immediate resistance)
$4.87 (stronger resistance, needs to break for continuation)
4. Indicators:
RSI: 42 (indicating neutral conditions, potential for a price reversal or further consolidation)
MACD: Showing bearish momentum, but potential for stabilization near support.
Volume: Relatively low volume, showing indecision in the market.
Trade Strategy 🎯
Entry Zone: $4.45 - $4.50 (Look for confirmation of support at $4.45 to take long positions)
Stop-Loss: $4.40 (To protect against further downside)
Target Levels 🚀
1. 🎯 Target 1: $4.55 – Immediate resistance, break above this level could lead to further upside
2. 🎯 Target 2: $4.75 – Intermediate resistance level, watch for a break
3. 🎯 Target 3: $4.87 – Major resistance, break above this could signal a return to bullish momentum
Trade Tip:
If the price finds support around $4.45, consider taking long positions with a target at $4.55. If momentum shifts, look for further upside toward $4.75 or $4.87.
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