🚀 $SUI Technical Analysis July 12, 2025: PRICE STANDS AT $3.4410 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 3.4410 USDT • Moving Averages (MAs) show a bullish trend with MA(7) at 3.4566, MA(25) at 3.2107, and MA(99) at 2.9181, indicating upward pressure. • Volume has increased to 64.17M SUI (24h Vol/USDT 222.03M), reflecting strong buying interest. • MACD shows a neutral trend with DIF at 0.1334 and DEA at 0.1349. • RSI values are in a neutral zone (RSI(6): 59.3902, RSI(12): 67.7688, RSI(24): 58.3434).
📊 Important Levels to Watch 🔼 Resistance Levels: 3.5719 3.6155 3.8000 🔽 Support Levels: 3.3000 2.9761 2.8500
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3.5719 ☑️ Entry Point: $3.5800 (enter if price breaks above 3.5719 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.6155 TP2: $3.8000 🛑 Stop Loss: $3.5500 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3.5719, 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 $3.3000 ☑️ Entry Point: $3.2900 (enter if price drops below 3.3000 with bearish momentum confirmation) 🎯 Price Target: TP1: $2.9761 TP2: $2.8500 🛑 Stop Loss (SL): $3.3200 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 3.3000, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The current price action indicates a bullish trend with rising volume and a neutral RSI, suggesting potential for further gains if $3.5719 is breached. A drop below $3.3000 could signal a bearish reversal. Consider a long position with confirmation above $3.5719, but use tight stop losses due to volatility risk.
