📈 1. Current price and immediate performance
- Current price: 2.94 - 2.97 USD .
- 24-hour change: Increase of +3.036%, with daily trading volume reaching ~616 million USD .
- Market capitalization: 10.24 billion USD, making it rank #15 among cryptocurrencies .
- Annual performance: Amazing increase of +321.99% since the beginning of 2025 .
⚖️ 2. Support and resistance levels
- Strong support:
- 2.86 USD (Pivot point S1) .
- 2.88 USD (Lowest price in 24 hours) .
- Critical resistance:
- 2.97 USD (Highest price in 24 hours) .
- 3.00 USD (psychological and technical barrier) .
- All-time high: 5.35 USD (recorded in January 2025) .
🔮 3. Short-term market forecasts
- Daily trend: Neutral with a slight bullish bias, especially if the price exceeds 2.97 USD .
- Forecasts for 2025:
- Average: 2.96 USD (close to the current price).
- Upside target: 3.14 USD (+6% from the current price) .
- Bearish scenario: 1.72 USD in case of market weakness .
💡 4. Investment tips
1. Day traders: Buy on a break above 2.97 USD with a target of 3.14 USD, and stop loss at 2.85 USD.
2. Long-term investors: monitoring a breakout at 3.00 USD to enter long positions, and waiting at 2.90 USD to accumulate.
3. Risk management: Avoid large positions before weekly indicator updates (like the bearish weekly MACD) .
📌 Summary
SUI shows mixed technical signals today with a slight buying bias, supported by strong annual performance (+321.99%) and high technical capabilities (transaction speed, smart contracts). However, caution is advised due to:
- Strong resistance at 3.00 USD.
- Selling pressure from long-term moving averages.
The key is to watch for a break above 2.97 USD with increased volume, which could indicate a short-term bullish wave. #BinanceTurns8
