$SUI Consolidation Under Key Resistance – Ready for a Breakout?

Current Price: $3.5577 (+0.10%)

24H High: $3.6970

24H Low: $3.3232

Analysis:

SUI is showing a consolidation phase after recovering from the $3.32 support level. The price is hovering below the MA(99) at $3.6623, indicating strong resistance in the short term. The MA(7) and MA(25) are nearly aligned, hinting at potential price action in either direction.

Key Levels:

• Immediate Resistance: $3.66 – A break above this could target $3.74 and beyond.

• Support: $3.45 – Holding this level is critical to maintain bullish sentiment.

Volume & Sentiment:

Trading volume remains moderate, suggesting a wait-and-see approach among traders. Watch for an uptick in volume to signal the next big move.

Strategy:

Traders should monitor for a decisive breakout above $3.66 to go long, or a breakdown below $3.45 to consider short opportunities. Patience is key in this tight range!

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