$SUI

/USDT Technical Analysis – Price Action and Target Levels 🎯

The SUI/USDT pair has shown a steady rise in the past 24 hours, reaching a price of $4.1644 (+0.94%). Let’s dive into the technicals and identify some key targets for potential breakout and reversal zones.

Key Levels to Watch:

1. Support Level: $4.0500

A strong support is holding at the $4.0500 mark. If the price retraces, this level will be a crucial point to maintain the upward momentum. A bounce here could drive the price back up.

2. Resistance Level: $4.2500

A key resistance is forming at $4.2500. If SUI/USDT breaks this level, it could lead to further bullish momentum towards new highs.

3. Target Level 1: $4.3000 🎯

If the price continues its bullish momentum, $4.3000 is a solid target to look out for. This is an area where the price could test a fresh high in the short term.

Conclusion:

The market is showing a positive sentiment, and if SUI/USDT maintains its bullish trend, breaking the $4.2500 resistance could open the door for a move towards $4.3000. Keep an eye on these key levels and trade with caution.

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