$SUI $SUI
đ SUI/USD Technical Analysis â December 12, 2024
Currently priced at 4.6638, SUI/USD is navigating a critical range, with key support and resistance levels that could guide the next major price action. Here's a breakdown of what to watch:
đ Support Levels:
4.6000 is the immediate support level. A drop below this could open the door for further downside, with potential targets at 4.5000 and 4.4000, indicating bearish pressure.
đ Resistance Levels:
4.7500 is the key resistance to monitor. A breakout above this level could lead to an upward push toward 4.8500 and 5.0000, signaling a continuation of the bullish trend.
đ„ Entry Strategy:
Consider entering near 4.6638 with a stop loss just below 4.6000 to manage risk. If the price breaks above 4.7500, traders could target 4.8500 and 5.0000 for potential gains.
đ Outlook:
SUI/USD is at a critical juncture. A breakout above 4.7500 could trigger bullish momentum, while a drop below 4.6000 may indicate a bearish correction. Watch these levels closely to make your move.
SUI traders, now is the time to stay vigilantâkey price action is on the horizon!
#MarketMajorComeback #BTCReclaims101K #MicroStrategyVsNasdaq #RLUSDApprovalBoostXRP #Write2Earn!