$SUI Maximum, Minimum and Average Price Prediction 🗝
1. Maximum Price:
Given the bullish recovery and momentum, the maximum price could test resistance at $5.10-$5.25, especially if the volume remains high and the RSI moves closer to overbought levels.
2. Minimum Price:
If the market faces corrections, the price might revisit support at $4.35-$4.40. This is supported by the previous consolidation zone and moving average trends.
3. Average Price:
With consistent buying pressure and moderate volatility, the average price is estimated to hover around $4.70-$4.85 for the week.
Support Levels:
1. $4.54: Immediate support, as it marked the recent recovery bounce and aligns with the 15-minute moving average (MA99).
2. $4.35: A strong support zone from previous consolidation, where buying pressure is likely to increase.
3. $4.10: The 24-hour low acts as a key psychological and technical support.
Resistance Levels:
1. $4.91: Immediate resistance at the 24-hour high, where selling pressure might emerge.
2. $5.10: Next resistance level based on historical price action and psychological barriers.
3. $5.25: A strong resistance level if bullish momentum persists, representing a potential breakout target.
Trading Insights:
A break above $4.91 could signal a bullish continuation to $5.10 or higher.
If the price falls below $4.54, the next target could be $4.35, followed by $4.10 if the bearish trend continues.