$SUI Technical Analysis: Uptrend Continues
Current Price: 1.4508 (+1.68%)
Key Levels:
Immediate Support: 1.38
Primary Resistance: 1.55
Breakout Target: 1.75
Analysis:
SUI's price action indicates a strong uptrend, with a 1.68% gain in the last 24 hours. The current price of 1.4508 suggests a potential breakout above 1.55.
Technical Indicators:
RSI: 63 (bullish)
MACD: bullish crossover
Bollinger Bands: expanding (increased volatility)
Uptrend Scenario:
If SUI breaks above 1.55, it may:
1. Test 1.65 (38.2% Fibonacci retracement level)
2. Reach 1.75 (long-term target, 50% Fibonacci retracement level)
Support Levels:
Primary Support: 1.38
Secondary Support: 1.28
Recommendation:
Traders and investors should:
1. Monitor price action closely.
2. Set buy orders above 1.55.
3. Consider scaling in at 1.65 and 1.75.
