$SUI /USDT Technical Analysis and Trade Signals
Current Overview
Current Price: $4.78
24H Change: +29.04%
Volume (24H): $600.47M (USDT), 139.99M (SUI)
Resistance Levels: $4.91, $5.20
Support Levels: $4.50, $4.22
Technical Indicators
Relative Strength Index (RSI): Overbought zone (~72), indicating possible consolidation or retracement.
Moving Averages (MA):
50-MA: Bullish crossover, signaling strong upward momentum.
200-MA: Price above long-term MA, confirming an uptrend.
Volume Analysis: High buying volume indicates strong bullish momentum.
Momentum
Trade Momentum: Bullish, but slightly overbought. Short-term traders should monitor for potential pullbacks before re-entry.
Trade Signals: SUI/USDT
1. Entry Level: $4.60-$4.75 (on minor retracement or consolidation).
2. Stop Loss: $4.20 (to protect against sudden downside).
3. Targets:
🎯 Target 1: $5.00 (near-term resistance).
🎯 Target 2: $5.20 (mid-term breakout level).
🎯 Target 3: $5.50 (extended bullish run).
Strategy Suggestion
Short-Term Trade: Enter near $4.70; exit around $5.00.
Swing Trade: Hold until $5.20-$5.50 for a higher ROI.
Risk Management: Use tight stop loss below $4.20 to minimize risk in case of reversal.
Market Sentiment:
If SUI maintains above $4.75, it could retest $5.00 and break higher. However, any break below $4.50 may trigger a deeper correction.