$SUI is steadily launching – Are we on the brink of a new upward wave?
Professional technical analysis for #sui/usdt (Time frame: 2 hours)
Current price: $3.1432
Change percentage over 24 hours: +6.02%
Highest price: $3.1553
Lowest price: $2.9527
The technical indicators show the following:
RSI (6): at 75.77, overbought zone, but momentum remains strong.
Bollinger Bands: the price broke the upper band limit ($3.15) and then retested, providing an opportunity for strong upward movement if it holds.
MACD: positive and supports the continuation of the upward trend.
Note: The price has exceeded the two moving averages MA(5) and MA(10) with relatively high trading volume, indicating strong buying momentum coming from institutions or whales.
Entry opportunity:
Safe entry point: $3.13 – $3.15
First target: $3.30
Second target: $3.57
Stop loss: a clear break below $2.97
Additional strategy:
If resistance at $3.15 is broken and held above it with momentum, the position can be reinforced with a medium-term target at $3.57.
High leverage contracts are not recommended due to the proximity to overbought conditions, unless a strong breakout candle appears.
Did you miss the entry from the bottom? Don't worry, SUI is still at the beginning of a promising upward path. Prepare yourself now before the next explosion!
