🚀 $SUI Technical Analysis July 24, 2025: PRICE STANDS AT $3.8235 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 3.8235 USDT • Moving Averages (MAs) indicate a bullish trend with MA(7) at 3.7438, MA(25) at 3.8924, and MA(99) at 3.6809, supporting upward momentum. • Volume is significant at 69.40M SUI (255.80M USDT), with a recent increase suggesting strong buying pressure. • MACD shows a neutral trend with DIF at -0.0448 and DEA at -0.0267, indicating potential consolidation or slight weakening momentum. • RSI values suggest a neutral zone, with RSI(6) at 53.5876, indicating room for further upside or sideways movement.
📊 Important Levels to Watch 🔼 Resistance Levels: 4.0000 4.2480 4.500 🔽 Support Levels: 3.7000 3.5000 3.4056
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout 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 60, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Breakdown below $3.7000 ☑️ Entry Point: $3.6800 (enter if price drops below 3.7000 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.5000 TP2: $3.4056 🛑 Stop Loss (SL): $3.7400 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 3.7000, a decline in volume, RSI(6) dropping below 40, and the MACD showing a bearish trend.
📌 Suggestion to Open Positions Today:
The current price action reflects bullish momentum with a recent rise and strong volume. A breakout above $4.0000 could lead to further gains, while a drop below $3.7000 might signal a reversal. Monitor RSI for overbought conditions and MACD for momentum shifts before entering positions.
