🚀 $SUI Technical Analysis June 24, 2025: PRICE STANDS AT $2.7793 WITH BULLISH MOMENTUM 📈

📊 Market Insight
• Current Price: 2.7793 USDT
• Moving Averages (MAs) indicate a bullish trend.
• Volume has increased to 95.01M SUI (249.41M USDT), suggesting strong buying interest following the recent upward movement.
• MACD shows a bullish trend.
• RSI values are in bullish territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
2.8562 (24h high)
2.9000 (psychological resistance)
3.0000
🔽 Support Levels:
2.6781
2.6120 (MA(25))
2.3925 (24h low)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2.8562
☑️ Entry Point: $2.8600 (enter if price breaks above 2.8562 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2.9000
TP2: $3.0000
🛑 Stop Loss: $2.8400 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2.8562, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF continuing to rise above DEA.

🐻 Bearish Trade Setup: Breakdown below $2.6781
☑️ Entry Point: $2.6700 (enter if price breaks below 2.6781 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2.6120
TP2: $2.3925
🛑 Stop Loss (SL): $2.6900 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2.6781, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.

📌 Suggestion to Open Positions Today:
A bullish setup appears more probable with the high volume indicating strong buying pressure. The current price is near the 24h high at $2.8562, making it a critical level to monitor for a potential breakout. The RSI is showing strong momentum but is approaching overbought territory, suggesting caution and the need for confirmation before entering long positions. For bearish traders, a drop below $2.6781 could signal a reversal, but the current momentum favors the bulls. Tight stop losses are recommended.

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