🚀 $SUI Technical Analysis June 16, 2025: PRICE STANDS AT $3.0780 WITH MODERATE OPTIMISM 🌱
📊 Market Insight
• Current Price: 3.0780 USDT
• Moving Averages (MAs) indicate a potential bullish trend.
• Volume has increased, suggesting growing interest and supporting the recent price recovery from the low of 2.8051.
• MACD shows a neutral to slightly bullish trend.
• RSI values are in neutral territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
3.1059 (immediate resistance near the 24-hour high of 3.0878)
3.2634 (next significant resistance)
🔽 Support Levels:
2.9488 (recent support level from the current uptrend)
2.8051 (recent low acting as immediate support)
2.7099 (next significant support)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.1059
☑️ Entry Point: $3.1100 (enter if price breaks above 3.1059 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.2634
🛑 Stop Loss: $3.0900 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.1059, a surge in volume, RSI(6) holding above 70, and MACD showing a bullish trend with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $2.9488
☑️ Entry Point: $2.9400 (enter if price breaks below 2.9488 with bearish momentum confirmation)
🎯 Price Target
TP1: $2.8051
TP2: $2.7099
🛑 Stop Loss (SL): $2.9600 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2.9488, a decline in volume, RSI(6) dropping below 50, 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 $3.1059 with strong volume and indicator confirmation, indicating potential for further upside. For bearish traders, a breakdown below $2.9488 could signal a reversal, but the current volume increase and neutral RSI suggest caution for significant downside. Tight stop losses are highly recommended to navigate the volatility.
