🚀 $SUI Technical Analysis August 15, 2025: PRICE STANDS AT $3.7031 WITH BEARISH MOMENTUM 📉
📊 Market Insight
• Current Price: $3.7031 USDT
• Moving Averages (MAs) indicate a bearish trend with EMA(7) at 3.8093, EMA(25) at 3.8465, EMA(99) at 3.7692, and EMA(200) at 3.6810, showing price below EMA(7) and EMA(25).
• Volume is notable at 58.94M SUI (323.10M USDT), with a 24h change of -4.10% reflecting a significant pullback in market interest.
• MACD shows a bearish trend with DIF at -0.0079, DEA at 0.0189, and MACD at -0.0268, indicating weakening momentum.
• RSI values suggest a neutral to oversold zone, with RSI(6) at 31.2303, indicating potential oversold conditions.
📊 Important Levels to Watch
🔼 Resistance Levels:
$3.8932
$4.0556
$4.1811
🔽 Support Levels:
$3.5685
$3.4430
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.8932
☑️ Entry Point: $3.9000 (enter if price breaks above $3.8932 with bullish momentum confirmation)
🎯 Price Target:
TP1: $4.0556
TP2: $4.1811
🛑 Stop Loss: $3.8800 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $3.8932, increasing volume, RSI(6) rising above 40, and MACD turning bullish.
🐻 Bearish Trade Setup: Drop below $3.5685
☑️ Entry Point: $3.5600 (enter if price falls below $3.5685 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.4430
🛑 Stop Loss: $3.5800 (above the support level)
⚠️ Confirmation: Watch for a strong bearish candle close below $3.5685, declining volume, RSI(6) dropping below 30, and MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today:
The current price action shows a significant decline with bearish momentum and RSI(6) nearing oversold levels. A breakout above $3.8932 could signal a reversal, while a drop below $3.5685 might indicate further downside. Monitor volume and RSI for confirmation before entering positions.
