🚀 $SUI Technical Analysis August 04, 2025: PRICE STANDS AT $3.5218 WITH RECOVERING MOMENTUM 📈
📊 Market Insight • Current Price: $3.5218 USDT • Moving Averages (MAs) indicate a potential reversal with MA(7) at 3.4770, MA(25) at 3.5224, and MA(99) at 3.6891, showing price near MA(25) with slight upward pressure. • Volume is significant at 44.20M SUI (153.61M USDT), with a 3.22% increase suggesting growing buying interest. • MACD shows a neutral trend with DIF at -0.0562 and DEA at -0.0837, indicating a possible momentum shift. • RSI values suggest a neutral zone, with RSI(6) at 63.7788, indicating room for further upward movement.
📊 Important Levels to Watch 🔼 Resistance Levels: $3.5916 $3.6891 $4.5025 🔽 Support Levels: $3.2663 $3.052
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3.5916 ☑️ Entry Point: $3.60 (enter if price breaks above $3.5916 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.6891 TP2: $4.5025 🛑 Stop Loss: $3.55 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $3.5916, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Drop below $3.2663 ☑️ Entry Point: $3.25 (enter if price falls below $3.2663 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.052 🛑 Stop Loss: $3.30 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below $3.2663, a decline in volume, RSI(6) dropping below 30, and the MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today: The current price action reflects recovering momentum with a 3.22% gain and a neutral RSI(6). A breakout above $3.5916 could lead to further gains, while a drop below $3.2663 might signal a reversal. Monitor volume and RSI for confirmation before entering positions.
