๐ $SUI Technical Analysis June 27, 2025: PRICE STANDS AT $2.6501 WITH BULLISH RECOVERY SIGNS ๐
๐ Market Insight โข Current Price: 2.6501 USDT โข Moving Averages (MAs) show a potential bullish recovery. โข Volume has increased, reflecting growing market activity and potential buying interest. โข MACD shows a neutral to slightly bullish trend. โข RSI values are neutral.
๐ Important Levels to Watch ๐ผ Resistance Levels: 2.8449 (recent high) 2.8597 2.9000 ๐ฝ Support Levels: 2.6500 (current psychological level) 2.5500 2.5010 (recent low)
๐ก TRADE PLANS: ๐ Bullish Trade Setup: Breakout above $2.8449 โ๏ธ Entry Point: $2.8450 (enter if price breaks above 2.8449 with bullish momentum confirmation) ๐ฏ Price Target: TP1: $2.8597 TP2: $2.9000 ๐ Stop Loss: $2.8400 (below the resistance to manage risk) โ ๏ธ Confirmation: Look for a strong bullish candle close above 2.8449, an increase in volume, RSI(6) rising above 60, and MACD showing a bullish crossover with DIF rising above DEA.
๐ป Bearish Trade Setup: Breakdown below $2.6500 โ๏ธ Entry Point: $2.6450 (enter if price breaks below 2.6500 with bearish momentum confirmation) ๐ฏ Price Target: TP1: $2.5500 TP2: $2.5010 ๐ Stop Loss (SL): $2.6550 (above the current support) โ ๏ธ Confirmation: Watch for a strong bearish candle close below 2.6500, a decline in volume, RSI(6) dropping below 40, and the MACD showing a bearish trend with DIF falling further below DEA.
๐ Suggestion to Open Positions Today: The MACD and moving averages suggest a potential shift from a bearish to a neutral-to-bullish trend. The RSI indicates a balanced market with potential for further upside if momentum builds. A breakout above $2.8449 could signal a strong bullish trend, while a drop below $2.6500 might resume the bearish momentum. Given the increased volume and mixed indicators, cautious optimism is warrantedโwait for confirmation signals before entering trades. Tight stop losses are recommended to manage risk in this volatile environment.
