$SUI
SUI price analysis: bulls counterattack strongly, $4.87 becomes the key battlefield!
Brothers, SUI's recent trend is interesting! On January 3, bulls successfully pushed the price above the resistance level of $4.87, opening a new round of upward trend. So next, will the market continue to soar or pull back? The key points are all here!
1. Daily line analysis: long-short game after the breakthrough
The upward trend continues: SUI currently breaks through $4.87, and bulls try to turn this position into a new support. If successful, the price is expected to rise further to $6.55.
Potential callback risk: bears may try to pull the price back below $4.87. If the seller succeeds, SUI may fall to the 20-day moving average ($4.5) or even $3.95.
Bullish signal: If the price gets support at $4.87 and rebounds, it indicates that the buyer's power is still strong and may continue to rise.
2. Short-term key points
Strong support level:
$4.87: This is the key defensive point in the short term. The performance of breaking through the support will determine the subsequent trend.
20-day moving average ($4.5): If the price pulls back to here, the bulls may exert force again and form a buying opportunity.
Important resistance level:
$6.55: A breakthrough will open up more room for growth.
Short warning signal: If SUI falls below $3.95, it may mean that the short-term top has been formed and bulls need to be cautious.
3. Operational suggestions: The key is $4.87!
Short-term bullish strategy:
Observe the retracement: If SUI successfully retraces to the $4.87 support and rebounds, consider a light long position, with a target of $6.55 and a stop loss set below $4.7.
Short strategy:
Wait for a signal of loss: If the price falls below $4.87 and continues to weaken, try a short order, targeting the $4.5 and $3.95 support levels, with a stop loss above $5.
The key to SUI now lies in the long-short dividing point of $4.87. Whether the bulls can hold this position will determine whether it will rush to $6.55 or pull back to below $4.5.
