$SUI $SEI

Binance Technical Analysis: SUI/USDT – Key Levels to Watch

🚀 Current Price: 4.5574 USDT (≈ Rs 1,271.83)

🔻 24h Low: 4.5064 | 🔺 24h High: 5.1138

📉 24h Volume (SUI): 87.98M | 📊 24h Volume (USDT): 420.53M

Overview:

SUI/USDT has seen a decline of -10.48% over the last 24 hours. The current price of SUI stands at 4.5574 USDT, with significant volume traded, especially in SUI tokens. The price has fluctuated between 4.5064 (low) and 5.1138 (high), highlighting its current volatility.

Key Levels to Watch:

1. Support Level – 4.5064

The price has recently tested the 4.5064 level and found support. If this level holds, it could provide a solid base for a potential bounce, making it an important level to watch for traders looking for a possible reversal. A break below this support could indicate further downward pressure.

2. Resistance Level – 4.9781

The first key resistance lies at 4.9781. If the price rises and crosses this level, it could signal the potential for further bullish movement. This level will likely act as a crucial barrier, so confirmation through volume and price action is essential before considering any long positions.

3. Upper Range – 5.1138

The 24-hour high of 5.1138 marks the upper resistance level. A breakout above this level with strong volume could open the door to further upward movement, with the next target likely being around 5.5 USDT or higher. Watch for any pullbacks or consolidations near this level to gauge the strength of the breakout.

Indicators:

MA(5): 1,132,864.4

MA(10): 1,197,024.9

Volume: 439K – Indicates moderate trading activity, but watch for volume increases during potential breakouts or breakdowns.

📉 Volume: 439K – Volume remains relatively steady, suggesting that the market is in a phase of consolidation. A significant increase in volume could be a signal for the next big move.

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