$SUI /USDT, here's a detailed technical analysis along with trade signals and three target levels.
Current Price: $3.3072
Trend Analysis:
The price has been on a downtrend for the last few hours, as indicated by the 15-minute, 1-hour, and 4-hour percentage changes. The 1D change is also negative (-6.75%).
The 24h high ($3.5339) and 24h low ($3.2716) show that the price is oscillating between these two levels, and there’s potential for a short-term bounce or further decline depending on broader market sentiment.
Support & Resistance:
Immediate Support: $3.2716 (24h Low)
Resistance Zone: $3.50–$3.55 (near 24h High)
Key Indicators:
Relative Strength Index (RSI): If RSI is below 30, the asset might be oversold and ready for a potential bounce.
MACD: If the MACD line is below the signal line, the trend remains bearish, and vice versa.
Trade Signals:
Buy Signal:
Buy near $3.2716 (if price consolidates or shows signs of reversal at this level).
Wait for RSI confirmation (oversold condition), and if there's a bullish crossover in MACD, enter with caution.
Sell Signal:
If the price hits around $3.50 or higher (resistance zone) and shows signs of reversal, consider selling.
A bearish crossover in MACD or RSI indicating overbought conditions might trigger the sell.
Target Levels 🎯:
1. Target 1: $3.40 (Short-Term Resistance)
Set an initial target for small profits, especially if the price is showing signs of stabilization near $3.30.
2. Target 2: $3.50 (Medium-Term Resistance)
A price level near $3.50 can be reached if the market sentiment turns positive or there is a small recovery.
3. Target 3: $3.60 (Long-Term Resistance)
If the market experiences a significant bullish breakout, $3.60 is the next significant resistance level.
Trade Momentum:
Bullish Momentum: A breakout above $3.50 with volume confirmation could signal the beginning of a bullish move toward $3.60 or higher.