📊 $SUI /USDT Technical Analysis: Opportunities Ahead!

🔍 Current Price: $4.47 (-1.91%)

📉 Recent Low: $4.23

📈 24H High: $4.91

SUI, a Layer-1 blockchain project, has shown volatility, but this could present profitable opportunities. Let’s break down the analysis with potential targets:

📌 Key Resistance & Support Levels:

1️⃣ Target 1: $4.70 – The first resistance zone, where traders may look for short-term profits. If SUI gains momentum, this could be easily tested.

2️⃣ Target 2: $4.90 – The next resistance. A breakout above this level could signal bullish strength and open the door for higher moves.

3️⃣ Target 3: $5.20 – A major resistance level. If SUI surpasses this, it could initiate a stronger uptrend.

🔑 Support Zone:

If the price retraces further, $4.20 acts as strong support. Holding this level could provide a base for recovery.

📈 Momentum Indicator:

RSI indicates oversold conditions, suggesting potential for a rebound.

Volume spike shows growing interest, critical for any breakout.

💡 Strategy:

Monitor SUI closely around $4.70 for potential breakout confirmation. A solid plan with stop-loss near $4.20 is key to mitigating risks.

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