🚀 $SUI Technical Analysis July 11, 2025: PRICE STANDS AT $3.5284 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 3.5284 USDT • Moving Averages (MAs) show a bullish trend with MA(7) at 3.3726, MA(25) at 3.0517, and MA(99) at 2.8706, indicating strong upward momentum. • Volume has increased to 70.82M SUI (24h Vol/USDT 237.63M), reflecting significant buying activity. • MACD shows a bullish trend with DIF at 0.1518 and DEA at 0.0965. • RSI values are in the overbought territory (RSI(6): 98.6266, RSI(12): 93.0067, RSI(24): 81.4675).
📊 Important Levels to Watch 🔼 Resistance Levels: 3.5302 3.5718 3.8000 🔽 Support Levels: 3.3726 3.3061 3.0000
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3.5302 ☑️ Entry Point: $3.5400 (enter if price breaks above 3.5302 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.5718 TP2: $3.8000 🛑 Stop Loss: $3.5200 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3.5302, an increase in volume, RSI(6) remaining above 95, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Reversal below $3.3726 ☑️ Entry Point: $3.3600 (enter if price drops below 3.3726 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.3061 TP2: $3.0000 🛑 Stop Loss (SL): $3.3900 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 3.3726, a decline in volume, RSI(6) dropping below 90, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The current price action indicates a strong bullish trend with high volume and overbought RSI levels, suggesting potential for further gains if $3.5302 is breached. However, the elevated RSI signals a risk of pullback. Consider a long position with confirmation above $3.5302, using tight stop losses due to overbought conditions. A drop below $3.3726 could lead to a decline toward $3.3061.
