🚀 $SUI Technical Analysis August 06, 2025: PRICE STANDS AT $3.4233 WITH NEUTRAL MOMENTUM 📊
📊 Market Insight • Current Price: $3.4233 USDT • Moving Averages (MAs) indicate a mixed trend with MA(7) at 3.4218, MA(25) at 3.4709, and MA(99) at 3.6398, showing price slightly below MA(7) and trending below longer-term MAs. • Volume is notable at 35.03M SUI (119.16M USDT), with a 0.80% increase suggesting growing market interest despite recent stability. • MACD shows a neutral trend with DIF at -0.0412 and DEA at -0.0458, MACD at 0.0046, indicating a potential stabilization with slight bullish pressure. • RSI values suggest a neutral zone, with RSI(6) at 48.6391, indicating balanced momentum with room for movement in either direction.
📊 Important Levels to Watch 🔼 Resistance Levels: $3.6909 $3.8428 $3.9957 🔽 Support Levels: $3.3720 $3.2663
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3.6909 ☑️ Entry Point: $3.7000 (enter if price breaks above $3.6909 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.8428 TP2: $3.9957 🛑 Stop Loss: $3.6800 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $3.6909, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Drop below $3.3720 ☑️ Entry Point: $3.3600 (enter if price falls below $3.3720 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.2663 🛑 Stop Loss: $3.3800 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below $3.3720, a decline in volume, RSI(6) dropping below 40, and the MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today: The current price action reflects neutral momentum with a 0.80% increase and a balanced RSI(6). A breakout above $3.6909 could signal an uptrend, while a drop below $3.3720 might indicate further downside. Monitor volume and RSI for confirmation before entering positions.
