SUI/USDT, here’s an analysis of key levels and potential trading strategy:
Key Levels:
Current Price: 3.2854 USDT
24h High: 3.5284 USDT
24h Low: 3.1478 USDT
Support Level: 3.2632 USDT (recent low, indicating support).
Resistance Level: 3.5284 USDT (recent high, acting as resistance).
Target Levels:
First Target: 3.5284 USDT – This is the immediate resistance level. If SUI breaks above this, it could continue to rise.
Second Target: 3.5417 USDT – A higher resistance level if SUI continues to trend upwards after breaking the first target.
Stop-Loss Level:
Stop-Loss: 3.2632 USDT – Below the recent support to manage risk in case the price reverses.
Trend:
Price Change: +1.90% in the last 24 hours, indicating a slight upward trend.
Volume: 565.59M USDT traded in the last 24 hours, indicating healthy market activity.
Conclusion:
If SUI breaks above 3.5284 USDT, the price could continue upward toward 3.5417 USDT. A stop-loss near 3.2632 USDT would protect against downside risk if the price reverses.
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