1. Key support and resistance levels
- Support: $3.19 (first level), $2.99 (second level).
- Resistance: $3.47 (first level), $3.93 (second level), $4.24 (third level).
- Current price: ~$3.39 (according to Investing.com).
2. Factors influencing the price today
- Token unlock: Today, the Sui Network team is unlocking 74 million SUI (worth ~$267 million). Historically, such events cause volatility: a short-term decline followed by recovery is possible.
- Technical indicators:
- RSI: 68.23 (close to overbought zone but maintains momentum).
- Bollinger Bands: Price is testing the upper boundary ($2.95), indicating high volatility.
- Trading volume: $1.1 billion in 24 hours, indicating activity.
3. Trading scenarios
Bullish scenario (buy)
- Conditions: Close above $3.47 with high volume.
- Targets: $3.93 → $4.24 (historical maximum — $5.21).
- Stop-loss: Below $3.19.
Bearish scenario (sell)
- Conditions: Drop below $3.19 after token unlock.
- Targets: $2.99 → $2.83 (April low).
- Stop-loss: Above $3.40.
4. Risk management
- Avoid margin trading due to high volatility.
- Consider possible pullbacks: RSI above 70 may trigger a correction.
- Market trends: Altcoins show recovery in the second quarter of 2025.
Conclusion
Today’s trading day is critical due to token unlock. Monitor price reaction at levels $3.19 and $3.47. Short-term traders can take advantage of volatility, while long-term investors should look for entry points on corrections.
You bear all financial risks and make all decisions; always conduct your own analysis.
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