$SUI/USDT chart (4H timeframe)
📊 Current Price:
$3.5484
📈 Key Resistance Levels:
1. $3.80 – $3.85
Previous support turned resistance zone.
Cluster of EMA(21), EMA(50), and previous price action.
2. $4.16 – $4.20
Mid-term resistance from prior breakdown area.
Candle rejection zones.
3. $4.44 (Local High)
Recent swing high and major resistance.
Possible upside target if momentum builds.
📉 Key Support Levels:
1. $3.42 – $3.45
Immediate short-term support.
Price bounced here recently.
Close to current price (watch for breakdown or bounce).
2. $3.08 – $3.10
Strong support zone from previous consolidation and bounce.
RSI tends to reverse from this level.
3. $2.80 (Major Support)
Historical low on this chart.
Strong reversal seen previously.
🔁 EMA Analysis:
EMA(21) = $3.5112
EMA(50) = $3.6134
EMA(200) = $3.5884
> The price is trading between EMA(21) and EMA(200), showing uncertainty and potential for either breakout or rejection depending on volume and momentum.
📉 RSI (6): 57.87
RSI is near neutral to slightly bullish territory.
Not overbought or oversold — suggests room for movement both ways.
A break above 60+ may support a bullish continuation.
✅ Possible Long Entry Zones:
1. $3.42 – $3.45
Enter on confirmation of bounce.
Stop-loss: below $3.40
Target 1: $3.80
Target 2: $4.16
Stronger long entry if deeper correction happens.
Stop-loss: below $3.00
Target 1: $3.45
Target 2: $3.80
❌ Possible Short Entry Zones:
1. $3.80 – $3.85
Previous support-turned-resistance.
Enter if price gets rejected again here.
Stop-loss: above $3.90
Target 1: $3.45
Target 2: $3.10
2. $4.16 – $4.20
Strong resistance zone.
Short on candle rejection confirmation.
Stop-loss: above $4.25
Target: $3.80