Technical Analysis of SUI/USDT – $SUI – Daily Frame
The currency $SUI shows strong performance during today's trading on May 5, 2025, as it is currently trading at 3.3834 USDT with a daily increase of +5.67%.
Technical Outlook (Daily Frame):
The price is trading above the three moving averages (EMA 7 - 25 - 99) → Positive signal and continuation of the upward trend.
The RSI indicator is at 59 → Momentum is good and has not reached overbought conditions, giving room for further gains.
Last daily low: 3.17
Recent highest peak: 3.87
Proposed Strategy:
Entry point: Between 3.35 – 3.38 USDT (current price)
Targets (TP):
First target: 3.60 USDT
Second target: 3.85 USDT
Third target: 4.15 USDT (in case of a strong daily close breaking the previous resistance)
Stop Loss (SL):
Clear break and daily close below 3.15 USDT
Summary:
As long as the price maintains trading above $3.30, the overall trend remains positive.
A good buying opportunity with calculated risk.
Be sure to manage capital and do not risk more than 5% of the portfolio on the trade.
What do you think about the movement of SUI? Will we see new breakouts this week?
Share your analysis or predictions in the comments!
