$SUI /USDT Technical Analysis & Trade Signal:

Current Price: $4.75 (+2.22%)

Key Support and Resistance Levels:

Support: $4.50 (Previous low and psychological level)

Resistance: $4.91 (24h High)

Trade Momentum:

Short-Term Trend: Bullish (currently up +2.22%, but showing some weakness in the shorter timeframe with a 1D decline of -9.3970%).

Volume: Strong trading volume of $407.41M suggests active participation in the market.

Depth: 3.0894%, indicating moderate buying pressure.

Trade Signal:

Entry Point: Buy around $4.50–$4.60

Target Levels:

Target 1: $4.91 (24h High – Resistance)

Target 2: $5.10 (Next psychological resistance level)

Target 3: $5.30 (Near-term bullish breakout level)

Stop-Loss: $4.38 (recent low)

Trade Strategy:

If the price breaks the resistance at $4.91, there is a high probability of hitting $5.10 and $5.30.

If the price falls below $4.38, consider exiting the position as it might indicate a reversal.

Momentum Insight: The short-term momentum is slightly bearish, but the recent +2.22% increase suggests a potential short-term bullish correction. Keep an eye on the 24h high ($4.91) for confirmation of upward momentum.

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