๐ก Quick Technical Analysis:
โ Healthy Pullback! After surging from $3.12 to $4.29, SUI has corrected to $3.81, maintaining a bullish structure above $3.67 support.
โ RSI at 50.94! This places the asset right in the middleโneutral zone, meaning there's room for a decisive move in either direction.
โ MACD Cooling Off! MACD at -0.0050, with DIF and DEA flattening. This signals loss of momentum, but also potential for reacceleration if buyers step in.
โ Volume Dropping! Declining volume suggests a squeeze is formingโwatch for a volume breakout to confirm direction.
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๐ฎ Scenario Forecast:
Bullish Break: If SUI breaks above $3.827 (resistance) with volume, it could target $4.10, then $4.29.
Bearish Case: If it fails to hold above $3.67, price may retest $3.32 - $3.12.
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๐ฅ My Thoughts & Pro Tips:
SUI is consolidating after a solid rally. This is often the setup before a major moveโbut timing matters!
Tips:
1. Watch for bullish divergence in RSI or MACD before entering.
2. Use stop-loss just under $3.67 to protect your capital.
3. Wait for volume confirmationโthis is key to spotting breakout strength.
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๐ข Are You Ready for the Next Wave?
Will SUI explode past $4.00 again or correct further? #SUI๐ฅ #Write2Earn
Comment your prediction below!
