🚀 $SUI Technical Analysis August 18, 2025: PRICE STANDS AT $3.5899 WITH NEUTRAL MOMENTUM 📊
📊 Market Insight • Current Price: $3.5899 USDT • Moving Averages (MAs) indicate a neutral trend with EMA(7) at 3.6438, EMA(25) at 3.7362, EMA(99) at 3.7525, and EMA(200) at 3.6868, showing price near short-term EMAs. • Volume is significant at 54.88M SUI (200.84M USDT), with a 24h change of -7.40% reflecting declining market interest. • MACD shows a neutral trend with DIF at -0.0533, DEA at -0.0306, and MACD at -0.0227, indicating weak momentum. • RSI values suggest a neutral zone, with RSI(6) at 32.4566, indicating potential oversold conditions.
📊 Important Levels to Watch 🔼 Resistance Levels: $3.9233 $4.0687 $4.1811 🔽 Support Levels: $3.4871 $3.4000 (estimated) $3.3000 (estimated)
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3.9233 ☑️ Entry Point: $3.9300 (enter if price breaks above $3.9233 with bullish momentum confirmation) 🎯 Price Target: TP1: $4.0687 TP2: $4.1811 🛑 Stop Loss: $3.9000 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $3.9233, increasing volume, RSI(6) rising above 50, and MACD turning bullish.
🐻 Bearish Trade Setup: Drop below $3.4871 ☑️ Entry Point: $3.4800 (enter if price falls below $3.4871 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.4000 TP2: $3.3000 🛑 Stop Loss: $3.5000 (above the support level) ⚠️ Confirmation: Watch for a strong bearish candle close below $3.4871, declining volume, RSI(6) dropping below 30, and MACD staying bearish.
📌 Suggestion to Open Positions Today: The current price action shows neutral momentum with RSI(6) nearing oversold territory. A breakout above $3.9233 could signal a reversal, while a drop below $3.4871 might indicate further declines. Monitor volume and RSI for confirmation before entering positions.
