🚀 $SUI Technical Analysis July 05, 2025: PRICE STANDS AT $2.9089 WITH NEUTRAL MOMENTUM ⚖️
📊 Market Insight
• Current Price: 2.9089 USDT
• Moving Averages (MAs) show a bearish crossover with MA(7) at 2.9144 and MA(25) at 2.8869, indicating short-term downward pressure.
• Volume has increased to 28.66M SUI (24h Vol/USDT 82.42M), suggesting moderate market activity.
• MACD shows a neutral trend with DIF at -0.0004 and DEA at -0.0058.
• RSI values are in the neutral territory (RSI(6): 51.5023, RSI(12): 50.9844, RSI(24): 49.8678).
📊 Important Levels to Watch
🔼 Resistance Levels:
2.9663
3.0897
3.1092
🔽 Support Levels:
2.8234
2.7000
2.4940
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2.9663
☑️ Entry Point: $2.9670 (enter if price breaks above 2.9663 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.0897
TP2: $3.1092
🛑 Stop Loss: $2.9600 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2.9663, an increase in volume, RSI(6) rising above 60, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Reversal below $2.8234
☑️ Entry Point: $2.8220 (enter if price drops below 2.8234 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2.7000
TP2: $2.4940
🛑 Stop Loss (SL): $2.8300 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2.8234, a decline in volume, RSI(6) dropping below 40, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today:
The current price action shows a recent pullback with neutral RSI and a flat MACD, suggesting a lack of strong momentum. A breakout above $2.9663 could signal a bullish move targeting $3.0897, while a drop below $2.8234 may lead to a decline toward $2.7000. Given the neutral momentum, a cautious approach is recommended. Wait for confirmation signals before entering trades, and use tight stop losses due to potential volatility.
