SUI/USDT Analysis📉🚀: Price Surge

The SUI/USDT is currently trading at $1.9531, up 3.99% in the last 24 hours.

Trading Data Highlights:

24h High: $1.9618

24h Low: $1.7914

24h Vol (SUI): 79.19M

24h Vol (USDT): 149.01M

Support and Resistance

Strong Support: The price has been holding above the 1.7914 level multiple times, indicating strong support in this area.

Potential Resistance: The 1.9618 level seems to be acting as a resistance level, as the price has struggled to break above it.

Trading Strategy

1: If the price pulls back to the $1.90 level, it could be a good buying opportunity. Traders can set a stop-loss order at $1.85 and a target price of $2.00.

2: If the price dips back to the 1.7914 support level, it could be a good buying opportunity. Set a stop-loss below this level to limit potential losses.

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