🚀 Sui (SUI) – Focused Technical Reading and Movement Opportunities
🔹 Quick Overview of the Project
Sui is a blockchain platform relying on the Move mechanism for smart contract development, focusing on speed and scalability in transaction execution.
The SUI token is used to pay transaction fees, participate in governance, and secure the network.
🔹 Current and Historical Prices
Current Price: $3.74
Lowest Price Today: $3.32
Highest Price Today: $3.74
All-Time High (ATH): $5.35
All-Time Low (ATL): $0.37
🔹 Technical Analysis and Indicators
Relative Strength Index (RSI): Around 62, indicating a positive trend without entering overbought territory.
Moving Averages: Price is above MA50, supporting the short-term upward trend.
Support and Resistance:
Support: $3.30 – $3.40
Resistance: $4.00
🎯 Entry Opportunities and Targets
Potential Entry Point: Near support at $3.30 – $3.40, while monitoring for price reversal.
Breaking Resistance at $4.00: Opens the way for bullish targets between $4.50 – $5.00.
Risk Strategy: Set a stop loss below $3.25 to minimize risks.
⚠️ Important Notes
DYOR – Always do your own research before making any financial decision.
The market is very volatile, so monitoring price and indicators is essential.
