🚀 $SUI Technical Analysis August 02, 2025: PRICE STANDS AT $3.3859 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: $3.3859 USDT • Moving Averages (MAs) indicate a bearish shift with MA(7) at 3.4840, MA(25) at 3.6729, and MA(99) at 3.8784, showing price below all MAs. • Volume is notable at 4.881M USDT, with a 4.15% decline suggesting reduced buying pressure. • MACD shows a bearish trend with DIF at -0.1265 and DEA at -0.1100, indicating potential downward momentum. • RSI values suggest an oversold zone, with RSI(6) at 21.8496, indicating possible room for a bounce or further decline.
📊 Important Levels to Watch 🔼 Resistance Levels: $3.4840 $3.6729 $3.8784 🔽 Support Levels: $3.3543 $3.2500
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $3.4840 ☑️ Entry Point: $3.4900 (enter if price breaks above $3.4840 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.6729 TP2: $3.8784 🛑 Stop Loss: $3.4700 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $3.4840, an increase in volume, RSI(6) rising above 30, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Breakdown below $3.3543 ☑️ Entry Point: $3.3500 (enter if price drops below $3.3543 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.2500 🛑 Stop Loss: $3.3600 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below $3.3543, a decline in volume, RSI(6) dropping below 20, and the MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today: The current price action reflects bearish momentum with a 4.15% decline and an oversold RSI(6). A breakdown below $3.3543 could lead to further losses, while a recovery above $3.4840 might signal a reversal. Monitor volume and RSI for potential shifts before entering positions.
