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$SUI āāāāāāā
SUI/USDT Technical Analysis ā 13th January 2025 šØ
š Current Price: $4.5429 (~Rs. 1,267.92)
š 24H Performance: Down by 6.76%.
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Market Overview
24h High: $4.8824
24h Low: $4.5400
24h Volume (SUI): 52.41M
24h Volume (USDT): $248.70M
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Key Technical Indicators
1ļøā£ Moving Averages (MA):
MA (5): $1,943,347 ā Reflects short-term bearish dominance.
MA (10): $1,895,396 ā Indicates selling pressure at higher levels.
2ļøā£ MACD (Moving Average Convergence Divergence):
Bearish crossover suggests negative momentum, but watch for a potential reversal near oversold levels.
3ļøā£ BOLL (Bollinger Bands):
Price is hovering near the lower band, hinting at oversold conditions. A reversal may occur if buying interest increases.
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Targets šÆ
1. Immediate Support ā $4.50:
If this level is breached, the next support lies at $4.40.
2. Short-term Target ā $4.70:
A bounce from the $4.50-$4.40 zone could push the price toward $4.70, indicating recovery.
3. Mid-term Target ā $5.00:
Sustained buying momentum could test psychological resistance at $5.00, confirming bullish sentiment.
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š Recommendation:
Traders: Consider entering near $4.50 with a stop-loss at $4.40. Look for a target of $4.70-$4.80 in the short term.
#Binance #SUIUSDT #CryptoTrading