$SUI /USDT Price Analysis: Consolidation Phase Near Key Support!

$SUI /USDT is currently in a consolidation phase after testing the psychological level at $5.00.

The price is making lower highs while respecting the trendline support.

If this support holds, a move toward higher targets is possible.

Here's your full plan to trade this setup!

Key Levels to Watch

Buy Zone: Between $4.50 and $4.60 – ideal entry near the trendline support.

Targets:

First Target (T1): $4.90

Second Target (T2): $5.00 – psychological level.

Third Target (T3): $5.50 – higher resistance level.

Stop Loss (SL): Place at $4.40 to manage downside risk.

Strategy

1. Entry: Look to buy in the $4.50–$4.60 range if the support holds.

2. Risk Management: Set your stop loss at $4.40 for protection.

3. Profit-Taking: Take profits at $4.90, $5.00, and $5.50 as the price targets are hit.

What to Watch

Bullish Scenario: If $SUI /USDT holds above $4.50 and starts moving towards the targets, expect a bullish move.

Bearish Scenario: If the price falls below $4.40, it may signal a breakdown, and further support levels should be tested.