SUI/USDT Price Surge: Key Support and Resistance Levels to Watch 🔥
1. Current Price and 24-Hour Percentage Change
Current Price: $3.4461
24-Hour Change: +6.20%
2. 24-Hour High and Low Prices
24-Hour High: $3.5414
24-Hour Low: $2.9722
3. 24-Hour Trading Volume
Volume (SUI): 131.70M
Volume (USDT): 432.11M
4. Trading Strategy
Buy Targets:
$3.4241 (support zone)
$3.3886 (next support level)
Sell Targets:
$3.5065 (resistance level)
$3.5414 (strong resistance level)
Stop Loss: Set at $3.3829 (below support) to limit potential losses.
Take Profit: Target around $3.5008 if bullish momentum continues and resistance levels are broken.
5. Key Levels to Watch
Resistance Levels:
$3.5065 (strong resistance)
$3.5414 (upper resistance level)
Support Levels:
$3.4241 (first support)
$3.3886 (second support)
6. Trading Indicators
Trend Direction: The market is currently bullish, with a strong upward movement of +6.20% in the last 24 hours. A pullback could occur at resistance levels, so traders should be prepared for potential consolidation or a breakout.
Average Volume Levels: The average trading volume is relatively healthy, indicating strong market participation.
7. Market Insights
SUI/USDT has shown strong bullish momentum over the last 24 hours, increasing by 6.20%. The price is currently holding near key support at $3.4241. If the price breaks the resistance at $3.5065, further gains towards $3.5414 could be expected. However, any pullbacks below $3.3886 could signal a trend reversal, so traders should stay alert for potential market shifts.
8. Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves substantial risk, and you may lose capital. Always perform due diligence and manage risks before entering trades.
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