🚀 $SUI Technical Analysis August 05, 2025: PRICE STANDS AT $3.4260 WITH BEARISH PRESSURE 📉
📊 Market Insight • Current Price: $3.4260 USDT • Moving Averages (MAs) indicate a bearish trend with MA(7) at 3.4857, MA(25) at 3.5142, and MA(99) at 3.6710, showing price below all MAs. • Volume is notable at 46.71M SUI (164.27M USDT), with a 2.25% decline suggesting reduced buying interest. • MACD shows a bearish trend with DIF at -0.0341 and DEA at -0.0520, MACD at 0.0180, indicating weak momentum. • RSI values suggest a neutral zone, with RSI(6) at 42.4022, indicating potential for further downside or a bounce.
📊 Important Levels to Watch 🔼 Resistance Levels: $3.5872 $3.8428 $3.9609 🔽 Support Levels: $3.2663 $3.052
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3.5872 ☑️ Entry Point: $3.59 (enter if price breaks above $3.5872 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.8428 TP2: $3.9609 🛑 Stop Loss: $3.57 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $3.5872, an increase in volume, RSI(6) rising above 50, 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 bearish pressure with a 2.25% decline and a neutral RSI(6). A breakdown below $3.2663 could lead to further losses, while a recovery above $3.5872 might signal a reversal. Monitor volume and RSI for confirmation before entering positions.
