The SUI/USDT chart on the daily timeframe shows an upward trend with key support and resistance zones, as well as strong signals for further price movement. Let's look at the situation in more detail.

📊 Technical analysis

1. Ascending channel

  • The price is moving within the ascending channel, which indicates the dominance of buyers.

  • The upper boundary of the channel serves as the nearest growth target ($6.07).

2. Indicators:

  • Moving Averages (MA):

    • MA(7), MA(25), MA(99): All lines are pointing upwards, confirming a bullish trend.

    • MA(99) ($3.11): Long-term support that confirms the strength of the upward trend.

  • Ishimoku:

    • The price is above the cloud, confirming bullish momentum.

  • SAR:

    • Indicates the continuation of an upward movement.

  • Bollinger Bands:

    • The upper band is widening, indicating increased volatility.

3. Support and resistance levels:

  • Support:

    • $4.42 (local support).

    • $4.04 (key support).

  • Resistance:

    • $5.61 (local target).

    • $6.07 (long-term target).

🛠 Fundamental analysis

  • Positioning SUI:
    SUI is an innovative blockchain focused on performance and scalability. The asset shows strong growth, especially against the backdrop of investor interest and the development of new applications.

  • Volumes:
    Volumes are gradually increasing, confirming interest in the asset and a likely sustained upward trend.

Forecast and scenarios:

1. Bullish scenario:

  • A successful breakout at $5.61 will lead to movement towards the upper channel boundary at $6.07.

  • With increasing volumes, further growth to $7.00 is possible.

2. Bearish scenario:

  • If the price drops below $4.42, a retest of the $4.04 zone is likely. A breakout of this level will lead to a decline to $3.50.

📌 Recommendations:

  1. For medium-term trading: enter on corrections near $4.42 or $4.04.

  2. For short-term trading: watch for a breakout at $5.61, which may provide good upward momentum.

  3. Set a stop-loss at $4.00 to minimize risks.

💡 Conclusion:
SUI is in a strong position to continue the upward trend. Buyers confidently control the market, and given the current chart structure, the asset has the potential to reach new highs. However, it is important to monitor volumes and the overall market dynamics.

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