SUI Decision Zone: Bounce Momentum
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Sui (SUI) is currently trading at $2.89-$2.90, with a 0.19%-0.37% increase in the last 24 hours. Here's a breakdown of the current situation and possible trade setups:
Current Price Action
SUI's price is hovering near a critical support level, with a market capitalization of $9.98 billion-$10 billion and a circulating supply of 3.46 billion tokens.
Bullish Trade Setup
- *Entry Zone:* $2.83-$2.90
- *Target 1:* $2.99
- *Target 2:* $3.19
- *Target 3:* $3.47
- *Stop Loss:* Below $2.83
Bearish Trade Setup
- *Breakdown Level:* Below $2.83
- *Target 1:* $2.53
- *Target 2:* $2.30
- *Target 3:* $2.00
- *Stop Loss:* Above $3.00
Market Outlook
SUI needs to stay above $2.83 to potentially move towards the first major resistance level at $2.99. Breaking above $2.99 could see SUI rise to the next resistance level at $3.19. The third resistance is at $3.47. If the price drops, the first support level to watch is $2.83. If this level doesn't hold, a further decline to the next support level at $2.53 is possible ยน.
*Key Levels to Watch:*
- *Support:* $2.83
- *Resistance:* $2.99
Keep in mind that cryptocurrency prices are highly volatile, and actual prices may differ from these predictions. Always do your own research and consider multiple sources before making investment decisions.