$SUI

As of Friday, July 18, 2025, the SUI/USDT pair is showing strong bullish momentum, with several indicators pointing towards continued upward movement.

Here's an analysis of the current situation:

Current Price and Recent Performance:

* SUI is currently trading around $4.00 - $4.10 USDT.

* It has seen significant gains recently:

* +1.81% in the past 24 hours.

* +30.62% over the last week.

* +33.96% over the last month.

* +387.71% over the last year.

Technical Indicators:

* Breakout Confirmation: SUI has clearly broken out of a symmetrical triangle pattern and is within a larger ascending channel, signaling strong bullish momentum. It has also reclaimed crucial resistance levels, including the $4.00 mark and the 100 and 200 Exponential Moving Averages (EMAs).

* Moving Averages:

* Short-term and medium-term moving averages (like the 7-day, 20-day, and 50-day SMAs) are all well below the current price, indicating a strong uptrend.

* The price crossing the 40-day and 18-day moving averages in recent days is a bullish signal.

* Oscillators:

* RSI (Relative Strength Index): The 14-day RSI is around 80%, which is in the overbought territory. This suggests that while momentum is strong, a potential pullback or consolidation could occur in the short term as traders might take profits. However, it can also indicate sustained strong buying pressure.

* MACD (Moving Average Convergence Divergence): The MACD shows a bullish crossover and is expanding, indicating strengthening momentum.

* Stochastic %K: Also in overbought territory (around 91.88%).

Support and Resistance Levels:

* Immediate Support: Key support levels are identified around $3.81, $3.50, and $3.20. The $3.60 level has acted as strong support, leading to recent rebounds.

* Immediate Resistance: The $4.20 - $4.30 area is a significant overhead resistance where sellers are expected to be present. A clean daily close above this level is crucial for further upward movement.