So, here's a professional technical analysis on $SUI by 'Doc Sarah'.
Its recent high $3.34, current price $3.33), perfect for Binance or any trading post:
๐ SUI/USDT โ Technical Analysis (15m Chart) ๐
SUI has shown a strong upward move, recently touching a high of $3.34. Currently, the price is holding near $3.33, just below the recent peak, indicating potential for a breakout or short-term consolidation.
๐ Key Observations:
Resistance Level: Immediate resistance remains at $3.34. A clean breakout above this zone with volume could trigger a rally towards $3.40โ$3.45.
Support Zone: The nearest support is seen at $3.30โ$3.31. A break below this level may result in a deeper pullback towards $3.25.
Volume: Volume is slightly increasing, hinting at growing trader interest, but confirmation is needed for any breakout.
RSI (14): Slightly approaching the overbought zone (~65โ70), suggesting caution for potential short-term pullbacks.
EMA (50): Price is trending above the 50-period EMA, supporting the current bullish bias.
๐ฎ Outlook:
Bullish scenario: A confirmed breakout above $3.34 with sustained volume may see SUI pushing towards $3.40โ$3.45 in the short term.
Bearish scenario: If SUI fails to clear $3.34 and breaks below the $3.30 support zone, a pullback to $3.25 could occur.
โ ๏ธ Note: Strong momentum near resistance levels โ wait for confirmation before entering
new positions. Always use stop-loss in volatile conditions.