🚀 $SUI Technical Analysis May 11, 2025: BULLS LOSING STEAM, TESTING RESISTANCE AT $4.2740 🔥

📊 Market Insight
• Current Price: 4.0210 USDT.
• Moving Averages (MAs):
MA(7): 4.0915
MA(25): 4.0347
MA(99): 3.9664
The MA(7) is above the MA(25), indicating a short-term bullish trend, while both are above the MA(99), confirming a longer-term uptrend.
• Volume:
Recent Volume: 3,606,461 is significantly lower than the MA(5) and slightly below the MA(10), reflecting a lack of strong buying interest.
• MACD Line:
MACD: -0.0075 is negative, with the DIF below the DEA, signaling weakening bullish momentum.
• RSI:
RSI(6): 37.5387
RSI(12): 46.6120
RSI(24): 50.9077
The RSI(6) is nearing oversold territory (below 40), indicating selling pressure.

📊 Important Levels to Watch
🔼 Resistance Levels:

4.2740 (24-hour high)

4.2961 (psychological level)

4.4134 (recent high)
🔽 Support Levels:

3.8330 (recent low)

3.7819 (next support)

3.5277 (strong support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $4.2740
☑️ Entry Point: $4.2800 (if price breaks 4.2740 with volume)
🎯 Price Target:
TP1: $4.2961
TP2: $4.4134
🛑 Stop Loss: $3.8330 (below consolidation)
⚠️ Confirmation: Strong bullish candle, volume spike, MACD bullish crossover (DIF > DEA).

🐻 Bearish Trade Setup: Rejection at $4.2740
☑️ Entry Point: $4.0100 (if price rejects 4.2740 with bearish signals)
🎯 Price Target:
TP1: $3.8330
TP2: $3.7819
🛑 Stop Loss: $4.2740 (above resistance)
⚠️ Confirmation: Bearish candle (e.g., shooting star), RSI(6) < 30, MACD bearish trend.

📌 Suggestion to open positions today: The price at 4.0210 USDT is near the key resistance of 4.2740, but low volume and a negative MACD indicate fading bullish momentum. The RSI(6) nearing oversold levels may suggest a potential bounce, but without a volume increase, a breakout above 4.2740 seems unlikely. Expect consolidation between 3.8330 and 4.2740 in the next few hours unless a catalyst emerges.

#SUI🔥 #sui #dailyearnings #signaladvisor