$SUI /USDT – BULLISH REVERSAL UNDERWAY, READY TO PUSH ABOVE $3.05?
$SUI /USDT has gained +5.45%, currently trading at $3.01, showing strong recovery momentum after dipping to $2.80. With increasing volume and a clean bounce, SUI looks poised for a potential breakout above $3.05 resistance.
Key Technical Levels:
Current Price: $3.01
Immediate Resistance: $3.0348 (24h high)
Major Resistance Zone: $3.10 – $3.20
Immediate Support: $2.96
Strong Support Zone: $2.80 – $2.85
The chart structure suggests buyers are stepping in on dips. A confirmed breakout above $3.05 could trigger a bullish continuation toward higher zones.
Trade Setup – LONG Position
Entry: On breakout and close above $3.05
Target 1 (TP1): $3.10
Target 2 (TP2): $3.20
Stop Loss (SL): $2.94 (just below recent support)
Alternative Setup: Enter on pullback near $2.95 – $2.97, with tighter SL and same upside targets.
Market Outlook:
SUI has delivered a solid +33.52% gain over 90 days and an impressive +230.31% over 1 year, despite short-term pressure in the last month (-20.92%). This shows underlying strength. If bulls hold above $3.00, the trend may shift bullish once again.
Risk Management:
Stick to the plan. Risk 1–2% of your capital per trade, wait for confirmation candles before jumping in, and avoid overleveraging.