$SUI

🚀 SUI/USDT Technical Analysis – Decoding the Momentum 🎯

🔹 Current Price: $4.7484
🔹 24h Change: +28.30%
🔹 24h High/Low: $4.9136 / $3.6962
🔹 Volume: 157.83M SUI ($697.99M USDT)

📊 Market Insights

SUI has showcased significant bullish momentum in the last 24 hours with a sharp 28.30% price increase. High trading volume reflects strong market interest, hinting at a possible continuation of the upward trend.

🎯 Key Targets for SUI

1. Target 1: $5.07 (Short-Term)

The upper Bollinger Band indicates resistance at this level. A breakout here could confirm sustained bullish momentum.

2. Target 2: $5.50 (Mid-Term)

Based on Fibonacci extensions and bullish MACD, this could be the next resistance level if SUI maintains its upward trajectory.

3. Target 3: $6.00 (Long-Term)

Psychological resistance; a sustained uptrend and positive market sentiment could push SUI toward this milestone.

📈 Key Technical Indicators

SAR (Stop and Reverse): Bullish momentum continues as SAR is below the price at $3.35.

Bollinger Bands: Price near the upper band suggests overbought conditions but also strong bullish sentiment.

MACD: Positive crossover, indicating upward momentum.

⚠️ Trading Tips

Watch for a confirmed breakout above $5.07 before entering new positions.

Use $4.70 as a critical support level for stop-loss placements.

Be cautious around $5.50 and $6.00, as these levels may see increased selling pressure.

📢 Trade responsibly and keep an eye on the SUI/USDT chart for further developments! Happy trading on Binance! 🚀

Disclaimer: This post is for informational purposes only and not financial advice.
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