$SUI
Price Fluctuations: The price has fluctuated between $4.05 and $4.37 over the past 24 hours, indicating moderate volatility.Trading Volume: The volume is considerable with a 24-hour trading volume of around 264 million USDT, suggesting good market participation.Market SentimentMild Bearish Movement: The price has slightly decreased by 0.20%, indicating a bearish sentiment in the short-term.Support and Resistance Levels:Support: Around $4.05 (recent low) and $4.00 (potential secondary support).Resistance: Around $4.37 (recent high) and $4.25 (near the 7-day MA).Technical IndicatorsMA (7): Price is slightly below the 7-day moving average, which suggests a slight bearish short-term trend.MA (99): The price is above the 99-day moving average, indicating that longer-term sentiment remains more neutral.Trading Strategy
Bearish Continuation: If the price falls below $4.05, it may test the next support level at $4.00.Range Trading: You can buy near $4.05 and aim for a price target around $4.25 or $4.37.
Stop-Loss and Take-Profit:
For long positions, use a stop-loss below $4.05 to protect from further downside.For short positions, use a stop-loss above $4.37.
The trading volume is substantial, with more than $4.35 million in USDT traded, suggesting good liquidity for executing trades.