Analysis and Prediction for $SUI
Current Price Action:
SUI is trading at $4.3755, down 3.86% in the last 24 hours. The price shows consolidation near the $4.30ā$4.50 zone after a sharp sell-off.
Analysis:
Support Zone: Strong support lies at $4.20, which has held well in recent dips. A breakdown below this level could lead to further downside.
Resistance Zone: Immediate resistance is at $4.50, with a stronger hurdle near $4.90 (recent high).
Trend: The price action suggests a neutral-to-bearish trend in the short term, with sellers dominating near resistance zones.
Prediction:
If the price sustains above $4.30:
Short-Term Target: $4.50
Medium-Term Target: $4.90
If it breaks below $4.20:
Downside Risk: $4.00
Trading Strategy:
1. Consider entering long near $4.30 with a stop-loss below $4.20.
2. Take partial profits at $4.50 and hold for a potential move to $4.90 if momentum strengthens.
3. Watch for high sell volume around $4.50 to reassess bullish positions.