$SUI As of April 28, 2025, Sui (SUI) is trading at approximately $3.56, boasting a market capitalization of over $11.5 billion and a 24-hour trading volume exceeding $1.3 billion .
š SUI Short Trade Setup ā Targeting $3.20 & $2.75
SUI has recently experienced a significant rally, surging over 70% from its April lows and breaking out from a 108-day descending resistance trend line . However, the Relative Strength Index (RSI) stands at 74.5, indicating overbought conditions that could precede a short-term correction.
Trade Setup:
Entry Zone: $3.90 ā $4.00
Take Profit 1 (TP1): $3.20
Take Profit 2 (TP2): $2.75
Stop-Loss: Above $4.10
If SUI fails to sustain its upward momentum and breaks below the $3.90 support, a short position targeting the aforementioned levels could be favorable. Monitor for confirmation of a reversal before entering.
š SUI Long Trade Setup ā Targeting $4.50 & $5.00
SUI's breakout from a prolonged descending trend line and its V-shaped recovery pattern suggest strong bullish momentum . The coin is trading above its 5-day, 10-day, 20-day, 50-day, and 100-day moving averages, reinforcing the bullish trend .
Trade Setup:
Entry Zone: On a confirmed breakout above $4.00
Take Profit 1 (TP1): $4.50
Take Profit 2 (TP2): $5.00
Stop-Loss: Below $3.80
If SUI breaks and holds above the $4.00 resistance with increased volume, a long position targeting higher resistance levels could be favorable. Ensure to confirm the breakout before entering and manage risk appropriately.
š Bouncing Points ā The Exciting Zones
Support Levels:
$3.20: Recent support level where SUI found footing before its current move.
$2.75: A deeper support zone that has historically attracted buying interest.
Resistance Levels:
$4.00: Immediate resistance that SUI needs to overcome for further gains.
$4.50: Next resistance level following a breakout above $4.00.
$5.00: A significant psychological barrier and potential profit-taking zone.
Buy and Trade here $SUI