$SUI Price Surge: Testing New Highs

Current Price: $3.7509 (+9.69%)

24H High: $3.9360

24H Low: $3.2623

Market Overview:

SUI continues to demonstrate bullish momentum as it inches closer to the $4 resistance zone. With a significant recovery from the $3.10 region, the pair is now testing its recent highs, reflecting strong buyer interest.

Key Technicals:

1. Moving Averages:

• MA (7): $3.7919, suggesting immediate resistance in the short term.

• MA (25): $3.6231, acting as support for pullbacks.

• MA (99): $3.3325, long-term support indicating a healthy uptrend.

2. Volume:

• Increasing volume around $3.75 signals strong activity, supporting the price surge.

3. Resistance & Support Levels:

• Resistance: $3.9360 (recent high), $4.00 (psychological level).

• Support: $3.62 (MA 25), $3.33 (MA 99).

Indicators

• RSI: Overbought territory, caution is advised for potential pullbacks.

• MACD: Positive crossover, confirming bullish sentiment.

Conclusion:

SUI is showing strong bullish momentum with the potential to test $4. A break above $3.9360 could open the gates for further upside, while a pullback to $3.62 may provide a buying opportunity. Traders should watch volume and RSI for confirmation of the next move. #Binance240MUsers #NextMarketMoves #MemecoinWars #BTCBreaks93k