📊 $SUI
Technical Analysis for SUI/USDT on Binance 🎯
SUI/USDT is currently trading at 4.6288 USDT, showing positive momentum over the past 24 hours with a slight gain of +0.81%. Below is the analysis based on recent data:
Key Levels to Watch:
1. Target 1: 4.7500 USDT
This is the 24h high, indicating strong resistance. A breakout above this level could trigger further bullish momentum.
Key indicator: Watch volume increase and a sustained close above 4.75 on the 4H timeframe.
2. Target 2: 4.8500 USDT
This is the next resistance zone after 4.75. If SUI breaks above 4.75, it may test this level in the short term.
Momentum from increased market interest or broader crypto recovery could push it higher.
3. Target 3: 5.0000 USDT
This is a psychological resistance level and an important round number. Breaking this would indicate strong bullish sentiment.
Confirmation: Look for RSI levels moving into overbought zones (>70) with high buying volume.
Support Levels:
4.4600 USDT: Strong support from the 24h low. A drop below this could signal bearish momentum.
4.4000 USDT: The next key support level if SUI fails to maintain current price levels.
Moving Averages (Trend):
MA(7): 4.6229 – Current price is slightly above this, signaling short-term bullishness.
MA(25): 4.6195 – Consistent support from medium-term moving average.
MA(99): 4.6178 – Long-term trend is stable, with slight upward momentum.
Market Sentiment:
Volume is robust, with 72.90M SUI traded in the past 24 hours, and a total of 337.66M USDT in value. Watch for an increase in volume to confirm breakouts.
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