$SUI is currently trading at approximately $3.54 USD, experiencing a slight decline of about 0.28% in the last 24 hours. The price has been fluctuating between $3.46 and $3.61, indicating a period of consolidation.
Technical indicators present a mixed outlook. The Relative Strength Index (RSI) is hovering around 75, suggesting that SUI is in overbought territory, which could indicate a potential price correction. The Moving Average Convergence Divergence (MACD) shows a slight bullish crossover, hinting at potential upward momentum.
For those considering a long trade, a confirmed breakout above the $3.61 resistance level with increased volume could signal a bullish trend continuation. Conversely, a drop below the $3.46 support level might present a short trade opportunity, targeting lower support zones.
Beginner traders should exercise caution during such consolidation phases. It's essential to wait for clear signals before entering a trade and always employ proper risk management strategies, such as setting stop-loss orders to mitigate potential losses.
Buy and Trade here $SUI