Technical Analysis on #SUIPricePrediction

Hereโ€™s a technical-analysis of SUI (Sui Network) based on recent data & chart-reports. Keep in mind these are snapshots, not financial advice.

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๐Ÿ” Current Situation

Price last noted around US$3.50โ€“$3.60 region.

Over the past months it has rallied from lows, made a peak (โ‰ˆ $5.30-$5.35), then corrected and now consolidating.

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โš™๏ธ Key Technical Levels

Here are the important support & resistance zones, and other levels to watch.

Type Level & Significance

Support โ€ข $3.20-$3.50 zone is very important. SUI is testing support around these levels. โ€ข If that fails, next downside supports ~ $2.80 and maybe lower into the $2.60-$2.50 area.

Resistance โ€ข Immediate resistance in the $4.20-$4.50 range. โ€ข Above that, resistance near $5.30-$5.35 (previous highs).

Indicators โ€ข Relative Strength Index (RSI) is neutral to slightly bearish in many reportsโ€”neither overbought nor strongly oversold. โ€ข MACD tends to show negative or flat momentum in some analyses but hints that a bullish crossover could be coming if price holds above support. โ€ข Moving Averages: 200-day MA is being watched as support; shorter-term MAs are below resistance in many cases.