Technical analysis and outlook on the currency $SUI 🔍
Currency $SUI is one of the promising projects focusing on speed and security within modern blockchain networks, and recently we have seen its price stable above strong support levels, which is usually an indicator of quiet accumulation before any upward movement.
💰 Current price: 1.96$
🎯 Important areas I am monitoring:
• Strong support: 1.88$
• Nearby resistance: 2.10$
🎯 Targets:
• First target: 2.22$
• Second target: 2.38$
• Long-term target: 2.75$
🛑 Stop loss:
• Clear break below 1.84$ with closing.
📊 Indicator analysis:
• RSI around 55 → the situation is normal and there is no overbought condition.
• MACD leaning towards gradual positivity → needs confirmation of resistance breakout.
• Trading volume is stable → indicates an accumulation phase before movement.
💡 My personal opinion:
When $SUI breaks the resistance, it gives a clear and continuous movement.
A breakout at 2.10$ with a 4-hour close above opens the way towards 2.22$ then 2.38$.
As long as the price is above 1.88$, the situation is positive and there is no fear.
⚠️ Warning:
This is only a personal analysis, not financial advice.
Capital management is more important than any target 🎯
