$SUI /USDT Technical Analysis – Consolidation Before Breakout?

Current Price: $4.7225

Timeframe: 30-Minute Chart (Binance)

Market Insight:

$SUI /USDT is consolidating between $4.70 and $4.80, with price volatility increasing. Buyers are showing signs of support at $4.70, indicating potential for an upward move.

Key Levels to Watch:

1. First Target: $4.80 – Immediate resistance; breaking above this zone could trigger momentum.

2. Second Target: $4.90 – Significant level near the 24-hour high; breaking this confirms bullish strength.

3. Third Target: $5.00 – Key psychological resistance; clearing this would mark a continuation of the uptrend.

Stop Loss: Below $4.68 – Set a stop under the recent support to limit downside risk.

Volume Insights: Monitor for increasing buy volume as price approaches $4.80 to confirm a potential breakout.

Trading Tip: A breakout above $4.80 with rising volume is a strong bullish signal. Maintain disciplined risk management with stops near support.

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