📈 Overview of SUI Price
Current price: $4.02
24h Increase: +17.73%
24h Trading Volume: ~$3.27 billion
Market Capitalization: ~$13.37 billion
Reason for price increase: SUI has surpassed the important resistance level at $3.5, marking a positive change in price trend.
📊 Technical Analysis by Time Frame
⏱ 15 Minutes
RSI: ~70 (overbought)
MACD: Positive
Volume: Increasing
Strategy: Take short-term profits in the range of $4.05–$4.10; be cautious with corrections
🕐 1 Hour
RSI: ~70 (overbought)
MACD: Strong increase
ADX: ~73 (strong trend)
Strategy: Look to open a short position if the price does not exceed $4.10; stop-loss above $4.15
🕓 4 Hours
RSI: ~70 (overbought)
MACD: Strong increase
Volume: Spike
Strategy: Wait for a pullback to the $3.80–$3.85 range to open long; stop-loss below $3.75
📅 1 Day
RSI: ~70 (overbought)
MACD: Strong increase
ADX: ~73 (strong trend)
Strategy: Hold long if entered from the $3.50–$3.60 range; target $4.50–$5.00
📈 Trading Strategy
Spot
Strategy: Hold the position if bought at a low price; take profits at $4.10–$4.50
Short-Term Futures
Long: Open at $3.80–$3.85; TP $4.10; SL below $3.75
Short: Open at $4.10–$4.15 if there is a reversal signal; TP $3.85; SL above $4.20
📰 Top News from the Past 24h
Altcoin Season: The altcoin market is entering a strong growth phase, supporting SUI's upward momentum.
Technical update: SUI has surpassed the important resistance level at $3.5, marking a positive change in price trend.
Market sentiment: Positive sentiment after surpassing the resistance level of $3.5, opening up the possibility of an increase to $5.00.
📌 Conclusion
SUI is in a strong upward trend, but technical indicators show an overbought condition. Investors should be cautious, take profits, and wait for a more reasonable entry point.
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