🚀 $SUI Technical Analysis June 14, 2025: PRICE STANDS AT $3.0476 WITH MODERATE RECOVERY 🌱
📊 Market Insight • Current Price: 3.0476 USDT • Moving Averages (MAs) indicate a bearish trend. • Volume has surged, reflecting increased market activity amid the price bounce from $2.9186. • MACD shows a potential bullish crossover. • RSI values are in neutral territory, suggesting a balanced market with potential for upward movement.
📊 Important Levels to Watch 🔼 Resistance Levels: 3.0859 (24-hour high) 3.2282 (near MA(99) resistance) 3.3944 (next psychological resistance) 🔽 Support Levels: 2.9186 (recent low acting as immediate support) 2.8959 (next significant support) 2.8000 (psychological support)
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3.0859 ☑️ Entry Point: $3.0900 (enter if price breaks above 3.0859 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.2282 TP2: $3.3944 🛑 Stop Loss: $3.0700 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3.0859, a surge in volume, RSI(6) rising above 60, and a MACD bullish crossover with DIF continuing to rise above DEA.
🐻 Bearish Trade Setup: Breakdown below $2.9186 ☑️ Entry Point: $2.9100 (enter if price breaks below 2.9186 with bearish momentum confirmation) 🎯 Price Target TP1: $2.8959 TP2: $2.8000 🛑 Stop Loss (SL): $2.9300 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2.9186, a decline in volume, RSI(6) dropping below 30, and the MACD showing a bearish trend with DIF dropping below DEA.
📌 Suggestion to Open Positions Today: A bullish setup could be considered if the price breaks above $3.0859 with strong confirmation from volume and indicators, suggesting a potential reversal. For bearish traders, a breakdown below $2.9186 could offer a short-term entry, though the recent volume spike and neutral RSI suggest caution for further downside. Tight stop losses are highly recommended.
