🚀 $SUI Technical Analysis July 07, 2025: PRICE STANDS AT $2.9117 WITH NEUTRAL MOMENTUM 📊
📊 Market Insight • Current Price: 2.9117 USDT • Moving Averages (MAs) show a neutral trend with MA(7) at 2.9141, MA(25) at 2.9069, and MA(99) at 2.9286, indicating a lack of strong directional pressure. • Volume has increased to 24.88M SUI (24h Vol/USDT 72.54M), suggesting moderate trading activity. • MACD shows a neutral trend with DIF at 0.0046 and DEA at 0.0045. • RSI values are in the neutral territory (RSI(6): 48.2764, RSI(12): 50.6125, RSI(24): 50.8057).
📊 Important Levels to Watch 🔼 Resistance Levels: 2.9624 3.1032 3.2000 🔽 Support Levels: 2.8216 2.7000 2.6868
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $2.9624 ☑️ Entry Point: $2.9650 (enter if price breaks above 2.9624 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.1032 TP2: $3.2000 🛑 Stop Loss: $2.9500 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 2.9624, 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 $2.8216 ☑️ Entry Point: $2.8200 (enter if price drops below 2.8216 with bearish momentum confirmation) 🎯 Price Target: TP1: $2.7000 TP2: $2.6868 🛑 Stop Loss (SL): $2.8300 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2.8216, 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 indicates a neutral trend with balanced RSI and MACD. A breakout above $2.9624 could target $3.1032, while a drop below $2.8216 may lead to a decline toward $2.7000. Given the lack of clear momentum, wait for confirmation signals and use tight stop losses due to potential volatility.
