🚨 $SUI /USDT TECHNICAL ANALYSIS – Watch for a Potential Breakout! 🚨
$SUI/USDT has surged +8.37% recently, reaching a high of $4.9136 and is now trading at $4.6338. After a solid rally, the price has slightly retraced, and traders are now watching critical levels for the next big move. Here's the latest analysis:
💡 Critical Levels to Watch:
🚧 Resistance Zone: $4.9000 – This price level is the key resistance point after recent highs. A breakout above this could signal further bullish movement.
📉 Support Zone: $4.2193 – The low of the day is a vital support zone. If $SUI fails to hold above this level, a deeper retracement could occur.
Potential Targets:
1️⃣ Target 1: $4.7500 – If the price maintains its upward momentum, this could be the first major resistance point to break through.
2️⃣ Target 2: $4.9000 – The price is approaching this key resistance zone. A successful breakout could drive the price to new highs.
3️⃣ Target 3: $5.0000 – A bullish continuation could see SUI reach the $5 mark, with strong upside potential if the momentum sustains.
⚠️ Market Sentiment: SUI is showing solid bullish movement over the past week and month, but with some recent pullback, traders should remain vigilant for potential breakout opportunities above resistance or a deeper retracement below support.
🔥 Stay alert – SUI could be ready for another breakout if it holds key levels!