$SUI Next target analysis 4.10$-4.30$:
To analyze the next target for SUI/USDT, let’s break it down further based on technical levels, momentum, and price action:
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Bullish Scenario:
If the bullish momentum continues, the next potential targets can be identified as follows:
1. Immediate Resistance:
$3.83 (recent 24-hour high) is the first resistance to clear.
If broken with strong volume, it confirms the bullish continuation.
2. Psychological Level:
$4.00 is the key psychological resistance where profit-taking is likely to occur.
3. Extended Target (Based on Fibonacci Extension):
Using Fibonacci levels, the next resistance zones could be:
$4.10 (minor resistance).
$4.30–$4.50 as stronger resistance if momentum persists.
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Bearish Scenario:
If a pullback occurs due to overbought conditions, key support levels to watch are:
1. Immediate Support:
$3.50 (near EMA(7)) is a likely bounce level.
2. Stronger Support:
$3.28–$3.30 (near EMA(25)) acts as a critical support zone.
Losing this level could lead to further downside, targeting $3.10 (24-hour low).
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Momentum Indicators:
RSI & Stochastic RSI: These indicate overbought conditions, signaling a short-term slowdown or consolidation is likely before the next big move.
Volume: If volume remains high, the $4.00 level becomes achievable.
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Next Price Target Summary:
Bullish Target: $4.00 → $4.10 → $4.30.
Bearish Support: $3.50 → $3.28 → $3.10.