$SUI /USDT: Key Resistance Ahead at $2.83 – Will Bulls Break Through?
Current Price: $2.7948
24h Change: +1.02%
24h High/Low: $2.8439 / $2.7519
Volume (SUI): 29.83M
Volume (USDT): 83.68M
Indicator SAR (0.02, 0.2): $2.8280
Last Updated: 2025-06-30 00:15 UTC
Technical Analysis Summary
SUI/USDT is trading in a tight upward range, with a mild 1% daily gain and resistance forming near $2.83. The SAR value is pressing close to the current market price, indicating potential for a breakout or a pullback soon. High USDT volume suggests traders are watching this zone closely.
Why It May Go Up or Down
Upward Potential: If price holds above $2.78 and breaks above SAR resistance at $2.83, a bullish wave could extend toward higher key levels.
Downside Risk: Rejection from $2.83–$2.84 resistance or a break below $2.75 could lead to a downside correction toward $2.70 or lower.
Trade Plan (Long Bias)
Entry: $2.78 – $2.80
Target 1: $2.84
Target 2: $2.90
Target 3: $2.98
Stop Loss: $2.73
Market Insight
SUI is consolidating just below a significant SAR resistance zone. A breakout above $2.83 could trigger aggressive upside action, especially if Layer 1 sentiment remains positive. However, failure to clear this level could shift momentum back to sellers quickly.