๐ฅ๐ฅ๐ฅ$SUI /USDT Technical Analysis & Trade Signal ๐๐๐๐
Current Price: $4.3003
24h High: $4.5951
24h Low: $4.1640
24h Volume (SUI): 94.08M
24h Volume (USDT): 410.51M
Technical Overview:
Trend: Slightly Bearish (current -2.21% in the last 24 hours, but still in a range-bound pattern)
Resistance Levels:
1. $4.4500 (Immediate Resistance)
2. $4.5951 (24h High, key resistance zone)
3. $4.7500 (Potential breakout level)
Support Levels:
1. $4.1640 (24h Low, recent support)
2. $4.1000 (Key support zone)
Momentum: Weak, with slight bearish pressure (down -0.50% in the last few hours)
RSI: Around 40, suggesting that the market is neither oversold nor overbought, indicating neutral conditions.
MACD: Bearish divergence, indicating a potential short-term pullback before any strong upward movement.
Trade Signal:
Entry Point: Consider buying if the price holds above $4.3000, with a focus on the potential bounce at key support levels.
Target Levels:
1. Target 1: $4.4500 (Immediate resistance level - short-term target)
2. Target 2: $4.5951 (24h High - key resistance, partial profit-taking)
3. Target 3: $4.7500 (Potential breakout level, longer-term target)
Stop Loss: Set a stop loss around $4.1500 (below 24h low) to protect against further downside risk.
Momentum & Outlook:
SUI/USDT is currently facing some bearish pressure but remains in a neutral range. If the price holds above $4.3000, there could be a bounce towards $4.4500 and potentially $4.5951. Monitor for any signs of reversal at support levels or confirmation of resistance breakouts for more momentum.
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