Attention Traders!
SUI is exhibiting signs of a potential breakout, with the price currently hovering around $3.87. Let's delve into the technical indicators and strategic playbook for this promising setup.
---
Technical Overview:
Current Price: $3.87
24H Range: $3.79 – $3.94
Market Cap: Approximately $12.9B
24H Trading Volume: Over $1.16B
---
Key Technical Indicators:
Support Level: $3.75
Resistance Level: $4.20
RSI (14-day): 58.3 – indicating neutral to bullish momentum
Recent Price Action: SUI has bounced from the $3.75 support level, showing resilience amid broader market volatility
---
Strategic Playbook:
Entry Zone: $3.80 – $3.90
Stop-Loss: $3.65 (below the key support level)
Take-Profit Targets:
TP1: $4.20
TP2: $5.00
TP3: $6.00
Buy for long profit 👉$SUI
Risk-Reward Ratio: Approximately 1:3, offering a favorable setup for traders
---
Market Sentiment:
SUI's recent partnership with Bitlayer to enhance Bitcoin's utility within the Sui ecosystem has bolstered investor confidence. Additionally, the coin's strong support at $3.75 and increasing trading volume suggest a bullish outlook.
---
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.