#SUI🔥

#SEI/USDT

#MAGIC/USDT

🔍 SUI – Facing pressure after a large token unlock event

• Current price: $3.42

• 24h trading volume: $1.5 billion

• Market capitalization: $11.5 billion

• Circulating supply: 3.34 billion SUI

• Resistance: $3.60 – $3.80

• Support: $3.20 – $3.00

Technical signal:

After a strong increase of 61% last week, SUI is under adjustment pressure due to a token unlock event worth $265 million on May 1. RSI has slightly decreased, indicating that the upward momentum is slowing down.

Trading strategy:

• Futures (Short):

• Entry: $3.50 – $3.60

• SL: $3.80

• TP: $3.20 – $3.00

• Spot: Waiting for the price to adjust to the support area of $3.00 for long-term accumulation.

🌊 SEI – Steady accumulation waiting for a breakout opportunity

• Current price: $0.218

• 24h trading volume: $62.5 million

• Market capitalization: $1.12 billion

• Circulating supply: 5.11 billion SEI

• Resistance: $0.23 – $0.25

• Support: $0.21 – $0.20

Technical signal:

SEI is trading within a narrow range, indicating steady accumulation. RSI is at an average level, with no clear trend signals yet.

Trading strategy:

• Futures (Long):

• Entry: $0.215 – $0.220

• SL: $0.205

• TP: $0.23 – $0.25  

• Spot: Gradually accumulating when the price is at the support area, expecting a breakout when the overall market improves.

✨ MAGIC – Seeking new momentum after a sharp decline

• Current price: $0.201

• 24h trading volume: $23.1 million

• Market capitalization: $63 million

• Circulating supply: 312.78 million MAGIC

• Resistance: $0.22 – $0.25

• Support: $0.19 – $0.18

Technical signal:

After a sharp drop from the peak of $6.32, MAGIC is trying to regain growth momentum. RSI indicates oversold signals, which could lead to a short-term recovery.

Trading strategy:

• Futures (Long):

• Entry: $0.195 – $0.200

• SL: $0.185

• TP: $0.22 – $0.25

• Spot: Should only buy when there are confirmed uptrend signals, avoid catching the bottom when the trend is not clear.

Summary:

• SUI: Caution is needed due to pressure from the token unlock event, but long-term potential remains.

• SEI: Currently accumulating steadily, waiting for a breakout opportunity.

• MAGIC: Needs to confirm the trend before deciding to invest.

$SUI

$SEI

$MAGIC