Technical Analysis for $SUI

/USDT:

Current Price: $3.4180

Trend: Bearish (currently experiencing a small decline of 1.34%)

Support Level: $3.33 (24h Low), a key support area where price might consolidate or reverse.

Resistance Level: $3.53 (24h High), potential resistance level where price may face selling pressure.

RSI (Relative Strength Index): If the RSI is nearing 30, we could expect a reversal or an oversold condition. If it’s nearing 70, the market may be overbought, signaling a potential reversal downward.

Trade Signals:

1. Buy Signal:

Entry Point: $3.33 (Support Level)

Stop-Loss: $3.28 (just below the support)

Target Levels:

Target 1 (T1): $3.47 (First resistance level)

Target 2 (T2): $3.53 (24h High/Resistance)

Target 3 (T3): $3.60 (Extended Target, if momentum continues upward)

2. Sell Signal (Short Trade):

Entry Point: $3.53 (Resistance Level)

Stop-Loss: $3.58 (slightly above resistance)

Target Levels:

Target 1 (T1): $3.40 (Support Zone)

Target 2 (T2): $3.33 (Main Support)

Target 3 (T3): $3.28 (Lower support level)

Trade Momentum:

Bullish Momentum: If price breaks above $3.53 with strong volume, we may see a continuation towards $3.60 or even higher.

Bearish Momentum: If the price fails to break $3.53 and starts to drop below $3.33, watch for further weakness toward $3.28.

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