technical analysis for $SUI /USDT with trade signals and three target levels based on the current market data:
Current Price: $3.69 (up +13.59% in 24 hours)
24h High: $3.7494
24h Low: $3.1783
24h Volume: 332.80M
Momentum: Positive (13.59% increase in the last 24 hours)
Key Support & Resistance Levels:
Support Level 1: $3.18
Support Level 2: $3.25
Resistance Level 1: $3.75
Resistance Level 2: $3.85
Target Levels 🎯:
1. Target 1: $3.80
Rationale: SUI/USDT has broken the $3.69 resistance, and the next logical target is $3.80. This level corresponds to the previous resistance zone. A breakout above this level may confirm continued bullish momentum.
2. Target 2: $3.90
Rationale: If price continues to move upward, the next significant resistance is around $3.90. This is a key psychological level and aligns with past price actions.
3. Target 3: $4.00
Rationale: If bullish momentum remains strong, $4.00 is the next target. This level is a psychological barrier and a higher resistance point where the price might face selling pressure.
Trade Signal:
Buy Signal: Entry around $3.65 - $3.70, targeting $3.80 (1st target).
Stop Loss: Set stop loss at $3.20 (below support).
Take Profit: Move profits accordingly as the price approaches $3.80, $3.90, and $4.00.
Trade Momentum:
Bullish Momentum: The price action shows positive momentum with a significant rise of +13.59% over the last 24 hours. There is still room for growth as the price continues to test resistance levels.