$SUI /USDT – Moving from Mixed to Cautious Consolidation
Support & Resistance:
Support: Key support is around $3.47–$3.50, confirmed by recent price action. A breakdown here could push the price toward $3.30.
Resistance: Immediate resistance sits at $3.73–$3.75. A strong break above this could lead the price toward $4.00–$4.25.
Fibonacci Levels:
Retracement: The price recently bounced off the 61.8% retracement (~$3.72), acting as both support and pivot. Falling below this may target the 78.6% retracement (~$3.52).
Key Zones:
Support: $3.72, $3.52
Resistance: $3.85, $4.07 (likely reaction points during recovery)
Longer-term Fibonacci:
Support: $3.05, $2.76, $2.29
Resistance: $4.00, $4.29, $4.77
RSI (14): ~51.5 – neutral, indicating no strong bullish or bearish momentum. The market is indecisive; near-term moves depend on whether support holds or resistance is broken.
Entry Zones:
Safer Entry: Around $3.50–$3.52, near the 78.6% Fibonacci support.
Aggressive Entry: On a confirmed breakout above $3.75, ideally with strong volume.
Take-Profit Zones:
TP1: $3.85–$3.90, short-term resistance.
TP2: $4.00–$4.07, next resistance cluster; surpassing this could attract broader bullish momentum toward $4.25.
Stop-Loss Ideas:
Conservative: Below $3.45 to protect against a breakdown.
Tight: Just under aggressive entry (~$3.70).
