The price perfectly fulfills my last idea. It hit the target level. SUIUSDT pulled back without reaching the psychological level of 5.00. Instead of making a new higher high, the price formed a double top and rolled back. I anticipate that the market may pull back toward the support level around 4.00. If the price bounces off this support level or creates a trend continuation pattern, I expect the market to continue moving higher. My goal is resistance zone around 5.00
📈LONG: $SUI (4H)
#SUIUSDT | #SUI | #Sui
Current Price $4.58
Market Cap $13.38B
Change 1h +0.05% | 24h -4.14%
4-Hourly Indicators:
• RSI: 55 - Neutral 🟠
• MACD: 0.15 - Bullish 🟢
• EMA: 4.44 - Trading Above 🟢
Analysis:
$SUIUSDT hit the target but missed the psychological level at 5.00. A double top formed, causing a pullback. Watch for a possible retest at the 4.00 support.
Price Targets:
If support holds, aim for 4.50 then 5.00. If it breaks, look for 3.50. Stay sharp!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻