$SUI ⭐

🚀 SUI/USDT Technical Analysis 📊 | Target Levels 🎯

The SUI/USDT pair has been showing some interesting price action lately. Here's a brief technical analysis, highlighting key support and resistance levels, along with potential targets to watch for:

Current Price: 4.7017 USDT

24h High: 4.9159 USDT

24h Low: 4.3853 USDT

24h Volume (SUI): 88.51M

24h Volume (USDT): 412.39M

Key Levels to Watch:

1. Support at 4.38 USDT:

If the price tests this level and holds, it could be an excellent opportunity for buyers. A bounce off this support could push the price higher, looking for the next target at 4.85 USDT.

2. Resistance at 4.85 USDT:

This level has been a significant resistance zone, where the price has struggled to break above in the past. If the bulls manage to push above this level, we could see a continuation toward the next target.

3. Target at 4.91 USDT:

The recent 24h high has been around this level. If the price manages to break through 4.85, the next potential target is 4.91 USDT, where we might see further consolidation or breakout.

Indicators to Watch:

MA(5): 2,960,333.9 (indicating short-term trend)

MACD: Monitoring for bullish crossovers for confirmation of upward momentum

Bollinger Bands: Watch for price action near the upper or lower bands, which could signal overbought or oversold conditions

As always, be cautious of market volatility, and use proper risk management strategies!

📈 Stay tuned for more updates and happy trading! 🤑

#SUI #USDT #Crypto #Binance #TechnicalAnalysis #Trading #TargetLevels