🚀$SUI

📊 Technical Analysis Overview

Today’s focus is on SUI/USDT, a promising Layer 1 blockchain project. Based on chart patterns, volume trends, and moving averages, here’s the analysis and three target levels for potential profit.

Key Observations

1️⃣ Current Price: 4.4846 USDT

2️⃣ Support Level: 4.4531 USDT

A strong base where buyers may step in if the price dips.

3️⃣ Resistance Levels:

Target 1: 4.6244 USDT

Target 2: 4.7472 USDT

Target 3: 4.8730 USDT

4️⃣ Volume:

24h Vol(SUI): 47.29M indicates strong market interest.

Look for increasing volume near resistance levels for breakout confirmation.

🎯 Targets for SUI/USDT

🎯 Target 1 (4.62 USDT):

This is the first resistance level based on MA(7). A breakout here signals bullish momentum.

Stop-Loss: 4.45 USDT.

🎯 Target 2 (4.74 USDT):

The previous 24-hour high. Watch for consolidation or a breakout to sustain upward movement.

Stop-Loss: 4.55 USDT.

🎯 Target 3 (4.87 USDT):

A strong long-term resistance level. If breached, it could lead to significant price appreciation.

Stop-Loss: 4.65 USDT.

📈 Indicators Supporting Targets

Moving Averages:

MA(7): 4.4944 indicates short-term bullishness.

MA(25): 4.5624 aligns with mid-term target levels.

RSI:

Monitor for overbought levels (>70) as prices approach resistance.

MACD:

Look for a bullish crossover to confirm upward trends.

💡

Happy trading on Binance! 🚀