đ SUI Update â Second Target Reached! đŻWhatâs Next? đ
Hey Guys! We recently saw the price of $SUI hit a high of $1.3930, exceeding expectations from our last target of $1.25! đ„ Letâs see how we can make the most of this momentum!
đ Price Overview:
SUI is now trading around $1.3737, cooling off slightly after that impressive spike.
Support: Watch the $1.32 - $1.35 range, where we have dynamic support from the 50 EMA. This area could offer opportunities for buyers.
đ Moving Averages:
The 50 EMA at $1.2234 is providing strong support, keeping the price in a bullish zone. The 200 EMA at $1.0889 shows the overall uptrend is still intact, with a good buffer in case of market corrections.
đŻ Entry & Exit Points:
Entry Point: If the price dips towards the $1.35 mark and shows signs of support, this could be an excellent buying opportunity for those who missed the earlier rally.
Stop-Loss: Place a stop-loss around $1.30, just below the recent support area and the 50 EMA, to minimize risk.
Exit Point: If momentum continues, look for potential profit-taking around $1.40 - $1.45. If we see a breakout above $1.40, it could propel the price towards $1.50! đ
đ MACD: The MACD is showing a strong bullish trend, but the histogram is starting to flatten, which might signal a short-term cooldown. Be on the lookout for a potential pullback to the $1.35 - $1.32 zone before the next move up.
đ RSI: The RSI(14) at 70.16 is brushing overbought levels. we might see some consolidation or a minor pullback soon, giving fresh buying opportunities to those on the sidelines.
đ Volume Analysis:
The volume spike of 2.76M in SUI and 3.79M USDT suggests thereâs still plenty of interest from both bulls and bears, so stay sharp for the next big move.
đ Final Thoughts:
SUI has been on fire, hitting our previous target and now hovering just below $1.40. Keep an eye on the $1.35 support area for potential entries and set sights on $1.45 as the next profit zone. DYOR
