Sui (SUI) – Stable accumulation, waiting for a major breakthrough?

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Current price: $3.85 (updated at 06:15 AM, 19/05/2025)

1. Trend analysis & impact information

• Technical: SUI is trading in a narrow range from $3.70 to $3.85, indicating accumulation before a major move. The RSI index is stable around 65, reflecting a balance between buying and selling pressure.

• Impact information: The “Peg-BTC Launch” event on the Sui network has attracted the community's attention and may create momentum for the SUI price.

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2. Proposed trading strategy

Long scenario:

• Entry: $3.80–$3.85

• Stop-loss: $3.70

• Take-profit: $4.20 – $4.50

• Success probability: ~65%

Reason: If SUI breaks through the resistance level of $3.85 with increased trading volume, the likelihood of a breakout up to $4.50 is high.

Short scenario (if breaking support):

• Entry: $3.70

• Stop-loss: $3.80

• Take-profit: $3.50

• Success probability: ~35%

Reason: Should only be considered if SUI breaks strong support, however, the probability is low due to the overall trend still being accumulation.

3. Conclusion

Sui is in an accumulation phase with many technical signals and information supporting the next upward trend. The “Peg-BTC Launch” event could be a catalyst for a new breakout. The short-term Long strategy has a higher success probability, however, strict risk management is needed, and close monitoring of key support/resistance levels is essential.