🔍$SUI
SUI/USDT Technical Analysis – 3 Potential Targets 🎯
Current Market Overview
Current Price: $4.9048
24h High: $4.9900
24h Low: $4.2436
24h Volume: 69.66M SUI / 327.93M USDT
Change: +12.46%
Technical Indicators
Resistance Levels:
Target 1: $5.10 – A breakout above this could confirm a bullish trend continuation.
Target 2: $5.35 – Key resistance tied to recent price action and Fibonacci retracement.
Target 3: $5.75 – A long-term resistance level that could signify a strong bull run.
Support Levels:
$4.75: Critical support near current MA(5).
$4.50: A strong fallback zone tied to recent consolidation.
Trading Strategy
1. Short-term Traders: Look for a potential breakout at $5.10 with a tight stop-loss at $4.85.
2. Mid-term Traders: Aiming for $5.35 can be profitable, especially if volume sustains above $1.5M.
3. Long-term Investors: Hold for $5.75 while keeping an eye on market-wide sentiment and Layer 1 ecosystem updates.
Market Sentiment & Volume
Strong 24h Volume suggests active participation, reinforcing potential upward momentum.
A confirmed breach above the $4.99 resistance could attract additional buyers.
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