SUI Intraday Market Bold Analysis and Forecast

Market

The spot price of SUI is **$3.8009**. In the past 24 hours, the highest price for SUI was **$3.8300**, and the lowest price was **$3.7600**. The market is in a slight fluctuation state, with a relatively narrow trading range. Overall, trading volume remains stable, and there may be a possibility of a breakout in the short term.

Technical Analysis and Key Levels

The current technical support and resistance for SUI are as follows:

• Support Level: $3.7800 is an important short-term support. If it breaks below this level, the price may drop to **$3.7500**.

• Resistance Level: $3.8300 is a strong resistance for the day. If it breaks through, it is expected to rise further to **$3.8600-$3.8800**.

From the technical chart, SUI is operating above the 4-hour moving average, with the middle band of the Bollinger Bands providing support to the price. The MACD indicator shows that bullish momentum is gradually increasing, but the RSI indicator is approaching 60, indicating that it may be close to an overbought state in the short term, and the market faces the need for consolidation.

Short-term Contract Strategy

1. Long Strategy

• Entry Point: When the price retraces to the range of **$3.7800-$3.7900**, consider opening a long position.

• Stop Loss: Set the stop loss at **$3.7600** to avoid expanding losses after breaking support.

• Target Level: The target price is **$3.8200-$3.8300**; if it breaks through, look further towards **$3.8600**.

• Leverage Recommendation: It is recommended to use 5-8 times leverage to moderately amplify returns while strictly controlling risks.

2. Short Strategy

• Entry Point: If the price rebounds to the range of **$3.8300-$3.8400**, consider opening a short position.

• Stop Loss: Set the stop loss at **$3.8600** to prevent further increases after breaking the resistance level.

• Target Level: The target price is **$3.7900-$3.7800**; if it breaks down, look further towards **$3.7500**.

• Leverage Recommendation: It is recommended to use 3-5 times leverage to control the risk of pullbacks in the fluctuations.

SUI may maintain fluctuations in the range of $3.7800-$3.8300 in the short term. If it breaks through the resistance, it is expected to hit $3.8600-$3.8800, while breaking below support may test $3.7500. Short-term traders should flexibly respond to long and short opportunities and strictly execute the take-profit and stop-loss plans. $SUI