$SUI /USDT - Technical Analysis
Current Price: $4.6346 (+7.89%)
24H High: $4.7580
24H Low: $4.1089
Target Levels:
1. Target 1: $4.800
Resistance Zone: A near-term psychological level. Breaking above $4.800 could confirm a bullish continuation.
2. Target 2: $5.000
Mid-Term Target: Sustaining above $4.800 with volume could push the price toward the key resistance of $5.000.
3. Target 3: $5.300
Major Bullish Target: A long-term bullish target, achievable if market momentum and sentiment remain strong.
Action Plan:
For Traders:
Secure Partial Profits: Near $4.800 to lock in gains.
Stop-Loss: Adjust stop-loss to $4.500 after achieving the first target.
Monitor price and volume near $4.800 for potential breakout signals.
For Investors:
Consider accumulating positions on dips above $4.500 for a potential long-term move toward $5.300.
Ensure the price consolidates above $4.600 to confirm a bullish trend.
Technical Indicators:
Momentum: Strong bullish breakout observed with rising volumes and higher lows.
Support Levels: Immediate support at $4.500 and stronger support near $4.400.
RSI: Monitor RSI near $4.800 for potential overbought conditions before continuation.
