$SUI is trading at approximately $3.5262 USD, reflecting a slight decrease of about 0.46% in the last 24 hours. The price has been fluctuating between $3.47 and $3.75, indicating heightened volatility.
Technical indicators present a cautiously optimistic outlook. The Relative Strength Index (RSI) is hovering around 74.73, suggesting that SUI is approaching overbought territory. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, hinting at potential upward momentum.
For those considering a long trade, a confirmed breakout above the $4.00 resistance level with increased volume could signal a bullish trend continuation. Conversely, a drop below the $3.47 support level might present a short trade opportunity, targeting lower support zones.
Beginner traders should exercise caution during such volatile periods. 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