🚀 $SUI Technical Analysis June 17, 2025: PRICE STANDS AT $3.0346 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: 3.0346 USDT • Moving Averages (MAs) indicate a bearish shift. • Volume has increased significantly, suggesting strong selling pressure. • MACD shows a bearish trend. • RSI values are in neutral territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 3.0853 (immediate resistance based on recent price action) 3.1589 (24h high acting as next significant resistance) 🔽 Support Levels: 3.002 (recent support level from the current downtrend) 2.9266 (24h low acting as immediate support) 2.9149 (next significant support)
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3.0853 ☑️ Entry Point: $3.0900 (enter if price breaks above 3.0853 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.1589 🛑 Stop Loss: $3.0700 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3.0853, a surge in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $3.002 ☑️ Entry Point: $2.9900 (enter if price breaks below 3.002 with bearish momentum confirmation) 🎯 Price Target TP1: $2.9266 TP2: $2.9149 🛑 Stop Loss (SL): $3.0200 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 3.002, a decline in volume, RSI(6) dropping below 30, and the MACD continuing to show a bearish trend with DIF falling further below DEA.
📌 Suggestion to Open Positions Today: A bearish setup appears more likely given the recent price drop below key MAs and the bearish MACD signal, especially if the price breaks below $3.002 with confirmation. For bullish traders, a rebound above $3.0853 could signal a recovery, but the current momentum and RSI suggest caution. Tight stop losses are highly recommended due to the volatile price action.
