🚀 $SUI Technical Analysis August 07, 2025: PRICE STANDS AT $3.7218 WITH BULLISH MOMENTUM 📈
📊 Market Insight
• Current Price: $3.7218 USDT
• Moving Averages (MAs) indicate a bullish trend with MA(7) at 3.5810, MA(25) at 3.5155, and MA(99) at 3.6331, showing price above all key MAs.
• Volume is significant at 60.71M SUI (218.01M USDT), with a 7.46% increase, suggesting strong market interest and bullish activity.
• MACD shows a bullish trend with DIF at 0.0219, DEA at -0.0144, and MACD at 0.0363, indicating increasing bullish momentum.
• RSI values suggest a neutral to overbought zone, with RSI(6) at 76.9573, indicating strong bullish momentum with potential overextension.
📊 Important Levels to Watch
🔼 Resistance Levels:
$3.7844
$3.9573
$4.0000
🔽 Support Levels:
$3.5810
$3.5155
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.7844
☑️ Entry Point: $3.8000 (enter if price breaks above $3.7844 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.9573
TP2: $4.0000
🛑 Stop Loss: $3.7500 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $3.7844, increasing volume, RSI(6) stabilizing above 70, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Drop below $3.5810
☑️ Entry Point: $3.5700 (enter if price falls below $3.5810 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.5155
🛑 Stop Loss: $3.6000 (above the support level)
⚠️ Confirmation: Watch for a strong bearish candle close below $3.5810, declining volume, RSI(6) dropping below 60, and MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today:
The current price action reflects strong bullish momentum with a 7.46% increase and an RSI(6) in overbought territory. A breakout above $3.7844 could signal further upside, while a drop below $3.5810 might indicate a pullback. Monitor volume and RSI for signs of overextension or reversal before entering positions.
