$SUI

SUI Market Analysis

Current Price: 3.75

Since breaking 2.37 on November 9, SUI has surged vertically, with the bulls fully unleashed! Although the bears have attempted to strike a few times, the bulls have aggressively bought on dips, firmly holding onto the market.

Short-term Target and Key Resistance:

Currently aiming to hit 4, with the bears likely to fight hard to block it. However, if the bulls are even stronger, the price may surge to 4.36, and even further reach 4.83.

Downward Risks and Key Support:

Brothers should pay attention to the 20-day moving average (3.5993), which is the bulls' bottom line. If it falls below and closes under this level, it indicates that the bulls can no longer hold, and the market may slide down to around 3.35.

4-Hour Chart Analysis

Looking at the short term, SUI has been able to find support near the 20-EMA on each pullback, indicating strong buying power. If the price can break through 3.93, it is very likely to continue climbing to 4.36, then targeting the 4.83 level.

But! If the price falls below the 20-day moving average, caution is warranted, as this means the bulls may be taking profits and exiting. At that point, SUI may test the support of the 50-day moving average, and if that also fails, the price could return to 3.35.

If it breaks below 3.35, the only key support for the bulls is 2.57; if that cannot hold, it will slide down to the support level of 2.36.

Bulls and bears need to take their own measures, keeping a close eye on key positions.

Brothers, as the market rises higher and higher, don't chase the price impulsively, maintain your mindset and wait for a breakout to get in. Proper capital management is essential, stabilize and do well, and remember to come back and boast after making a profit~😉