$SUI Consolidation Phase with Bullish Potential!

Current Price: $3.7692

SUI is stabilizing after hitting a 24-hour high of $3.8200. With solid support at $3.6057, the setup hints at a potential breakout.

Technical Overview:

• Resistance Levels:

• $3.8200: Short-term resistance to watch.

• $3.9409: A key breakout point for bulls.

• Support Levels:

• $3.7263 (25 MA): Immediate support zone.

• $3.6882 (99 MA): Strong base for continuation of the uptrend.

• Volume Analysis:

• 24-hour SUI volume: 74.17M.

• USDT trading at 275.36M, reflecting healthy market participation.

Trend Indicators:

• Moving Averages:

• Short-term MA (7): $3.7592, maintaining upward pressure.

• Mid-term MA (25): Acting as a pivot for consolidation.

• Market Sentiment:

• SUI shows a recovery pattern, with buyers regaining control near support zones.

Trading Insights:

• Bullish Scenario: A push above $3.8200 could target $3.9409, with the potential for fresh highs.

• Bearish Scenario: Failure to hold $3.7263 may revisit the $3.6882 zone.

Pro Tip: Watch for volume spikes near key resistance points to confirm bullish continuation.

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