$SUI $SUI

🚀 SUI/USD Technical Analysis – 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:

📉 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.

📈 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.

🔥 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.

📊 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 vigilant—key price action is on the horizon!

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