SUI Market Analysis:
Sui is currently 3.07% below its highest prices in the past 30 days and 7 days, reflecting some recent price consolidation. However, it has shown impressive growth, soaring 60.69% from the 30-day low and 20.96% from the 7-day low, indicating a strong recovery momentum.
The current price is around 4.80, with bullish momentum targeting the recent high of 4.95 USD, which is the immediate resistance level. Successfully breaking through this resistance could push the price to test 5.00 USD, a psychological barrier, and further extend gains to 5.10 USD supported by the previous upward trend. However, failing to break through 4.95 USD may lead to consolidation or a pullback.
Key support is located at 4.50 USD, where the price recently rebounded, followed by 4.20 USD, coinciding with the middle line of the Bollinger Bands. If the decline is greater, the price may return to 3.45 USD, consistent with historical consolidation areas.
The MACD indicator remains in the bullish zone, indicating that momentum favors the upside. Traders should closely monitor these levels, as any breakout or confirmation could define the next directional move.