$SUI /USDT - Technical Analysis and Target Updates
Current Price: $4.5997 (+2.25%)
Chart: 30-minute timeframe (Binance)
Target Achieved: $4.55
$SUI /USDT has successfully achieved the initial target of $4.55, showing signs of recovery from recent lows. The price is now consolidating above $4.59, suggesting the potential for further upside momentum.
Next Key Targets:
1. Short-Term Target: $4.65
Resistance at $4.65 marks the next critical level, aligning with recent highs.
Action: Secure partial profits near this level and set stop-loss at $4.55 to protect gains.
2. Intermediate Target: $4.70
A breakout above $4.65 could propel the price to $4.70, driven by increasing buying interest.
Action: Watch for strong volume and bullish confirmations above $4.65.
3. Long-Term Target: $4.75
Sustained momentum could lead SUI/USDT to test the significant resistance zone at $4.75.
Action: Gradually book profits as the price approaches this level and tighten stop-loss to secure gains.
Technical Indicators:
Trend: Bullish recovery
Support Levels: $4.55, $4.50
Resistance Levels: $4.65, $4.70, $4.75