🚀 $SUI Technical Analysis May 14, 2025: BULLS SHOWING STRENGTH, BATTLE RESISTANCE NEAR $4.00 🔥

📊 Market Insight
• Current Price: 3.9698 USDT
• Moving Averages (MAs): The price is slightly below the MA(7) but above the MA(25) and MA(99), indicating a short-term bullish trend with potential for consolidation. T
• Volume is moderate, with a 24-hour volume in USDT of 271.20M, reflecting steady market interest but not a significant surge in buying pressure.
• MACD is slightly negative, with the DIF above the DEA but showing a narrowing gap, indicating weakening bearish momentum and a potential for a bullish crossover soon.
• RSI values are in the oversold to lower neutral territory, with RSI(6) suggesting a possible reversal as it approaches oversold levels.

📊 Important Levels to Watch
🔼 Resistance Levels:
4.1434
4.2989
4.3235
🔽 Support Levels:
3.8080
3.7834
3.6800

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Reversal or Breakout above $3.9698
☑️ Entry Point: $4.00 (enter if price breaks above 3.9698 with increased volume and bullish confirmation)
🎯 Price Target:
TP1: $4.1434
TP2: $4.2989
🛑 Stop Loss: $3.8080 (below recent support to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.9698, a spike in volume, RSI(6) rising above 40, and a MACD bullish crossover where the DIF moves above the DEA.

🐻 Bearish Trade Setup: Pullback below $3.9698
☑️ Entry Point: $3.90 (enter if price breaks below 3.9698 with increased volume and bearish confirmation)
🎯 Price Target:
TP1: $3.8080
TP2: $3.7834
🛑 Stop Loss (SL): $4.05 (above the recent swing high)
⚠️ Confirmation: Watch for a bearish candle pattern (e.g., bearish engulfing), RSI(6) dropping further below 30, and a continued MACD bearish trend with the DIF pulling below the DEA.

📌 Suggestion to Open Positions Today: Traders might consider entering bullish positions if confirmation signals align, or wait for a pullback to support levels like $3.8080 for a safer entry.

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