🚀 $SUI Technical Analysis July 23, 2025: PRICE STANDS AT $3.7715 WITH NEUTRAL TO BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: 3.7715 USDT • Moving Averages (MAs) suggest a potential reversal with MA(7) at 3.9168, MA(25) at 3.9223, and MA(99) at 3.6290, indicating a short-term decline. • Volume is moderate at 63.26M SUI (246.35M USDT), with a recent peak suggesting some selling pressure. • MACD shows a neutral to bearish trend with DIF at -0.0034 and DEA at 0.0123, indicating fading momentum. • RSI values are in a neutral zone, with RSI(6) at 46.89, suggesting no strong overbought or oversold conditions yet.
📊 Important Levels to Watch 🔼 Resistance Levels: 4.0000 4.2480 4.5000 🔽 Support Levels: 3.5000 3.3000 3.0000
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $4.0000 ☑️ Entry Point: $4.0200 (enter if price breaks above 4.0000 with bullish momentum confirmation) 🎯 Price Target: TP1: $4.2480 TP2: $4.5000 🛑 Stop Loss: $3.9600 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 4.0000, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Breakdown below $3.5000 ☑️ Entry Point: $3.4800 (enter if price drops below 3.5000 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.3000 TP2: $3.0000 🛑 Stop Loss (SL): $3.5400 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 3.5000, a decline in volume, RSI(6) dropping below 30, and the MACD showing a bearish trend.
📌 Suggestion to Open Positions Today: The current price action shows neutral to bearish momentum with a recent decline and weakening MAs. A breakdown below $3.5000 could lead to further drops, while a reversal above $4.0000 might signal a recovery. Monitor RSI for oversold conditions and MACD for momentum shifts before entering positions.
