$SUI $SUI
SUI/USDT: Bullish Momentum Gains Traction, Potential for Further Upside
The SUI/USDT chart is currently displaying a bullish trend. The price has broken above the key resistance level of $2.25, suggesting that a further upward movement is likely. The 24-hour high of $2.3880 and the 24-hour low of $2.2081 indicate a healthy price range and active trading.
Key Support and Resistance:
* Resistance: The immediate resistance level is now around $2.3880, where the price met strong selling pressure previously.
* Support: The broken resistance level of $2.25 could now act as a strong support level.
Entry Strategy:
For cautious traders, waiting for a slight pullback to the $2.25 support level could offer a low-risk entry point to go long on SUI. This would allow traders to capitalize on further potential upside. However, for more aggressive traders, a direct entry at the current price could be considered, with a stop-loss placed below the recent low.
If the bullish momentum persists, SUI could potentially reach new highs. However, it's important to monitor market developments closely, as the price action could shift rapidly. Stay tuned for further updates!
