🔥🔥🔥$SUI /USDT Technical Analysis & Trade Signal 🚀🚀🚀🚀

Current Price: $4.3003

24h High: $4.5951

24h Low: $4.1640

24h Volume (SUI): 94.08M

24h Volume (USDT): 410.51M

Technical Overview:

Trend: Slightly Bearish (current -2.21% in the last 24 hours, but still in a range-bound pattern)

Resistance Levels:

1. $4.4500 (Immediate Resistance)

2. $4.5951 (24h High, key resistance zone)

3. $4.7500 (Potential breakout level)

Support Levels:

1. $4.1640 (24h Low, recent support)

2. $4.1000 (Key support zone)

Momentum: Weak, with slight bearish pressure (down -0.50% in the last few hours)

RSI: Around 40, suggesting that the market is neither oversold nor overbought, indicating neutral conditions.

MACD: Bearish divergence, indicating a potential short-term pullback before any strong upward movement.

Trade Signal:

Entry Point: Consider buying if the price holds above $4.3000, with a focus on the potential bounce at key support levels.

Target Levels:

1. Target 1: $4.4500 (Immediate resistance level - short-term target)

2. Target 2: $4.5951 (24h High - key resistance, partial profit-taking)

3. Target 3: $4.7500 (Potential breakout level, longer-term target)

Stop Loss: Set a stop loss around $4.1500 (below 24h low) to protect against further downside risk.

Momentum & Outlook:

SUI/USDT is currently facing some bearish pressure but remains in a neutral range. If the price holds above $4.3000, there could be a bounce towards $4.4500 and potentially $4.5951. Monitor for any signs of reversal at support levels or confirmation of resistance breakouts for more momentum.

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