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/USDT Technical Analysis: Key Targets to Watch 🎯
The SUI/USDT pair is currently showing positive momentum, trading at 4.2677 USDT, up by 4.09% in the last 24 hours. As we analyze the charts, here are three key target levels to keep an eye on:
1. Target 1: 4.4000 USDT
The first resistance level is at 4.4000 USDT, which has recently served as a strong ceiling for price action. A breakout above this level could signal further bullish movement, opening the door for higher prices.
2. Target 2: 4.2500 USDT
Support has formed around 4.2500 USDT, and this level will be important in maintaining the bullish trend. A pullback to this price could present a buying opportunity if it holds as support.
3. Target 3: 4.1500 USDT
If the market faces significant resistance, 4.1500 USDT could act as a secondary support level. A retracement here may provide an opportunity for buyers to re-enter with a more favorable risk-reward ratio.
With 68.05 million SUI traded in the last 24 hours, the market shows healthy liquidity, and 282.66 million USDT in volume suggests solid trading activity. Traders should stay alert to these target levels for potential price action.
Stay updated, trade wisely, and always manage your risk!
This post incorporates a clear technical outlook with actionable targets for traders on Binance.