🚀 $SUI Technical Analysis August 22, 2025: PRICE STANDS AT $3.6257 WITH BULLISH RECOVERY 📈
📊 Market Insight
• Current Price: $3.6257 USDT
• Moving Averages (MAs) indicate a potential bullish reversal with EMA(7) at 3.4715, EMA(25) at 3.5164, EMA(99) at 3.6520, and EMA(200) at 3.6455, showing price approaching key EMAs.
• Volume is moderate at 57.26M SUI (approximately 207.97M USDT based on current price), with a 24h change of +5.97% reflecting growing interest.
• MACD shows a bullish crossover with DIF at -0.0463, DEA at -0.0598, and MACD at 0.0134, indicating strengthening momentum.
• RSI values suggest a neutral to bullish zone, with RSI(6) at 69.5635, nearing overbought conditions but showing upward momentum.
📊 Important Levels to Watch
🔼 Resistance Levels:
$3.7943
$3.9241
$4.0500
🔽 Support Levels:
$3.5348
$3.3047
$3.2752
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.7943
☑️ Entry Point: $3.80 (enter if price breaks above $3.7943 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.9241
TP2: $4.0500
🛑 Stop Loss: $3.75 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $3.7943, increasing volume, RSI(6) rising above 70, and MACD staying bullish.
🐻 Bearish Trade Setup: Drop below $3.5348
☑️ Entry Point: $3.50 (enter if price falls below $3.5348 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.3047
TP2: $3.2752
🛑 Stop Loss: $3.55 (above the support level)
⚠️ Confirmation: Watch for a strong bearish candle close below $3.5348, declining volume, RSI(6) dropping below 50, and MACD turning bearish.
📌 Suggestion to Open Positions Today:
The current price action shows a bullish recovery with RSI(6) nearing overbought levels. A breakout above $3.7943 could signal further gains, while a drop below $3.5348 might indicate a pullback. Monitor volume and RSI for confirmation before entering positions.
