SUI/USDT Price Surge: Key Support and Resistance Levels to Watch šŸ”„

$SUI

1. Current Price and 24-Hour Percentage Change

Current Price: $3.4461

24-Hour Change: +6.20%

2. 24-Hour High and Low Prices

24-Hour High: $3.5414

24-Hour Low: $2.9722

3. 24-Hour Trading Volume

Volume (SUI): 131.70M

Volume (USDT): 432.11M

4. Trading Strategy

Buy Targets:

$3.4241 (support zone)

$3.3886 (next support level)

Sell Targets:

$3.5065 (resistance level)

$3.5414 (strong resistance level)

Stop Loss: Set at $3.3829 (below support) to limit potential losses.

Take Profit: Target around $3.5008 if bullish momentum continues and resistance levels are broken.

5. Key Levels to Watch

Resistance Levels:

$3.5065 (strong resistance)

$3.5414 (upper resistance level)

Support Levels:

$3.4241 (first support)

$3.3886 (second support)

6. Trading Indicators

Trend Direction: The market is currently bullish, with a strong upward movement of +6.20% in the last 24 hours. A pullback could occur at resistance levels, so traders should be prepared for potential consolidation or a breakout.

Average Volume Levels: The average trading volume is relatively healthy, indicating strong market participation.

7. Market Insights

SUI/USDT has shown strong bullish momentum over the last 24 hours, increasing by 6.20%. The price is currently holding near key support at $3.4241. If the price breaks the resistance at $3.5065, further gains towards $3.5414 could be expected. However, any pullbacks below $3.3886 could signal a trend reversal, so traders should stay alert for potential market shifts.

8. Disclaimer

This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves substantial risk, and you may lose capital. Always perform due diligence and manage risks before entering trades.

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