SUI sets sail again after consolidation, and a breakthrough is imminent in the short term!

The current price of SUI is $3.5603, with today's highest price of $3.6554 and the lowest price of $3.3922. Judging from the price trend, SUI has been in a state of consolidation recently, and the market has shown a certain range of fluctuations. Nevertheless, the price of SUI has approached important support and resistance levels, and the possibility of a breakthrough is gradually increasing. The next few hours may determine the direction of SUI's trend in the short term.

Technical analysis:

Support and resistance:

Support level: $3.3922. The current price is close to this support level. If the price breaks below the support, it may further retest the $3.30 area. Resistance level: $3.6554. If the price breaks through and stands firmly on this resistance level, it may continue to challenge $3.70 or even $3.80.

Bollinger Band Analysis:

The narrowing of the Bollinger Band indicates that the market is about to fluctuate. After the price breaks through the upper track of the Bollinger Band at $3.6554, there may be a wave of upward momentum. On the contrary, if the price falls below the lower Bollinger Band at $3.3922, it may enter a short-term correction.

RSI indicator:

RSI is currently around 55 and has not yet entered the overbought or oversold range, indicating that the market is in a neutral situation and is relatively stable. If RSI breaks through 70, it may mean that the market is overheated and there will be more room for upside.

Short-term contract T+0 strategy:

Long strategy:

Entry position: If SUI breaks through $3.6554 and stabilizes at this price, you can consider going long. Take profit position: The target is the $3.70 to $3.80 range. If it breaks through $3.80, it may further look to $4.00. Stop loss position: If SUI falls below $3.39 and continues to fall, stop loss can be considered.

Short strategy:

Entry position: If SUI fails to break through $3.6554 and starts to fall back, you can consider shorting. Take profit position: The target is the $3.40 to $3.35 range. If the price falls below $3.30, it may further drop to $3.20. Stop loss position: If SUI breaks through $3.6554 and continues to rise, stop loss and exit.

According to the current price range and technical indicators, SUI is likely to break through the resistance level of $3.6554 in the next few hours and rise further. The price target after the breakthrough in the short term is expected to be $3.70 or even $3.$80, further looking towards $4.00. $SUI