🚀 $SUI Technical Analysis August 08, 2025: PRICE STANDS AT $3.7370 WITH BULLISH MOMENTUM 📈
📊 Market Insight
• Current Price: $3.7370 USDT
• Moving Averages (MAs) indicate a bullish trend with MA(7) at 3.7536, MA(25) at 3.6207, and MA(99) at 3.6511, showing price near MA(7) and above MA(25).
• Volume is moderate at 64.69M SUI (244.29M USDT), with a 0.21% increase, suggesting steady market interest and bullish activity.
• MACD shows a bullish trend with DIF at 0.0806, DEA at 0.0482, and MACD at 0.0324, indicating increasing bullish momentum.
• RSI values suggest a neutral zone, with RSI(6) at 54.9615, indicating balanced momentum with a slight bullish tilt.
📊 Important Levels to Watch
🔼 Resistance Levels:
$3.8852
$4.0818
$4.2488
🔽 Support Levels:
$3.6207
$3.5052
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.8852
☑️ Entry Point: $3.8900 (enter if price breaks above $3.8852 with bullish momentum confirmation)
🎯 Price Target:
TP1: $4.0818
TP2: $4.2488
🛑 Stop Loss: $3.8600 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $3.8852, increasing volume, RSI(6) rising above 60, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Drop below $3.6207
☑️ Entry Point: $3.6100 (enter if price falls below $3.6207 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.5052
🛑 Stop Loss: $3.6400 (above the support level)
⚠️ Confirmation: Watch for a strong bearish candle close below $3.6207, declining volume, RSI(6) dropping below 50, and MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today:
The current price action reflects bullish momentum with a 0.21% increase and a balanced RSI(6). A breakout above $3.8852 could signal further upside, while a drop below $3.6207 might indicate a pullback. Monitor volume and RSI for confirmation before entering positions.
