🚀 SUI Update – Target Reached! What’s Next? 🚀
Hey Guys! We’ve hit a key milestone for $SUI since our last analysis! 🎯 The price rallied to $1.2396, surpassing our previous target zone of $1.15 - $1.20! 🙌
Let’s dive into what the 1-hour chart is telling us now and explore potential new opportunities:
📊 Price Overview:
SUI currently trades around $1.1914, cooling off after reaching a recent high of $1.2396. The support level to watch closely is $1.13, which lines up with the 50 EMA and has shown strong buying interest.
📈 Moving Averages:
The 50 EMA at $1.1312 is acting as a key dynamic support, while the 200 EMA sits around $1.0412 as a deeper safety net. These levels suggest SUI is still in a bullish zone, and any pullback could provide fresh buying opportunities.
🎯 Entry & Exit Points:
Entry Point: Consider entering around $1.15 if the price consolidates near the 50 EMA and shows signs of strength.
Stop-Loss: A conservative stop-loss around $1.10 would help limit risk while staying within the short-term uptrend.
Exit Point: For profit-taking, watch for potential resistance at $1.24 - $1.25. If we break through with volume, the next leg could aim for $1.30 and beyond! 🚀
📊 MACD:
The MACD remains bullish, though the lines are starting to flatten. A potential crossover could signal a small retracement, making the $1.15 - $1.13 area a solid accumulation zone.
📉 RSI:
The RSI(14) is at 61.35, just below the overbought level. This suggests the upward momentum may slow, but there’s still some room for gains before traders take profits.
📊 Volume Analysis:
SUI has traded 186.1K coins, with 221.8K USDT volume – solid liquidity, meaning buyers and sellers are actively engaged. A volume spike could indicate the next move, so keep an eye on that!
🚀 Final Thoughts:
After reaching our $1.20 target, SUI is showing healthy consolidation. A break above $1.24 could see a renewed rally, while pullbacks to the $1.15 zone present attractive entry points.
