๐$SUI SUI/USDT Surges 7.76%: Will the Bullish Momentum Push Beyond $4.75?
๐ Current Price: $4.5831 (+7.76%)
๐บ Resistance Levels: $4.7580 and $4.79
๐ป Support Levels: $4.3144 and $4.1089
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Market Snapshot
SUI is riding a strong bullish wave, with a notable 7.76% gain in the last 24 hours. The token reached a daily high of $4.7580, with strong upward momentum reflecting increased buying interest. The question is, can it sustain the momentum and push past the critical $4.75 resistance?
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Key Indicators to Watch
1๏ธโฃ Volume Spike:
Trading volume remains high, signaling strong market participation in this rally.
2๏ธโฃ RSI Momentum:
RSI is approaching overbought territory, indicating potential consolidation before the next move.
3๏ธโฃ Support Zones:
Strong support lies at $4.3144, with $4.1089 serving as a key level for buyers to watch.
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Scenarios to Watch
Bullish Case:
A breakout above $4.7580 could lead SUI to challenge the $4.79 resistance and possibly aim for $5.00, a major psychological level.
Bearish Risks:
Failure to hold above $4.5831 could see a retracement toward $4.3144 or lower, creating potential buying opportunities.
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Trading Strategy
โ For Bulls:
Look for a breakout above $4.7580 with high volume to confirm further upward momentum.
Targets: $4.79โ$5.00.
โ For Bears:
Consider short positions if SUI drops below $4.3144, targeting $4.1089 or lower.
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Final Thoughts
SUIโs rally showcases strong market confidence, but the next move depends on its ability to overcome the $4.75 resistance. Watch for volume and RSI signals to gauge the strength of this bullish trend.
Will SUI break $5.00 and set a new benchmark? Stay tuned for more action!
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