🚀 $SUI Technical Analysis July 16, 2025: PRICE STANDS AT $4.00 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 4.00 USDT • Moving Averages (MAs) indicate a bullish trend with MA(7) at 3.9702, MA(25) at 3.6926, and MA(99) at 3.1432, showing price above key averages. • Volume is at 12.064,705 (24h Vol/USDT 387.23M), reflecting strong trading activity. • MACD shows a slight bullish trend with DIF at 0.1774 and DEA at 0.1700. • RSI values are in overbought territory (RSI(6): 64.3305, RSI(12): 70.1460, RSI(24): 71.3060), suggesting caution for potential reversal.
📊 Important Levels to Watch 🔼 Resistance Levels: 4.10 4.20 5.35 (ATH) 🔽 Support Levels: 3.79 3.50 3.00
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $4.10 ☑️ Entry Point: $4.15 (enter if price breaks above 4.10 with bullish momentum confirmation) 🎯 Price Target: TP1: $4.20 TP2: $5.35 🛑 Stop Loss: $4.05 (below resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 4.10, increased volume, RSI(6) holding above 65, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Reversal below $3.79 ☑️ Entry Point: $3.74 (enter if price drops below 3.79 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.50 TP2: $3.00 🛑 Stop Loss (SL): $3.85 (above the support) ⚠️ Confirmation: Watch for a strong bearish candle close below 3.79, a decline in volume, RSI(6) dropping below 60, and MACD showing a bearish trend.
📌 Suggestion to Open Positions Today: The current price action shows bullish momentum with the price breaking above recent highs and supported by moving averages. A breakout above $4.10 could lead to further gains, but the high RSI suggests a potential pullback. Monitor volume and RSI closely for confirmation before entering any positions.
