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$SUI
📊 SUI/USDT Technical Analysis – Binance Update
Current Price: $4.7350 (+22.88%)
24h High: $4.9099 | 24h Low: $3.4920
24h Volume (SUI): 192.95M
24h Volume (USDT): $808.27M
Key Indicators
1. SAR (Stop and Reverse): Current SAR is 4.9306, just above the current price, indicating that the bullish momentum may face resistance soon.
2. Bollinger Bands: The price is approaching the upper band, suggesting strong bullish momentum but also signaling caution for potential resistance or overbought conditions.
3. MACD: Strong bullish crossover, supported by high trading volume, confirms the upward momentum.
Targets 🎯
1️⃣ Target 1: $4.90
The 24h high and immediate resistance level. A breakout here could trigger further bullish momentum.
2️⃣ Target 2: $5.05
A psychological resistance level. Breaking this could signal a strong rally and attract new buyers.
3️⃣ Target 3: $5.50
A significant upside target aligned with historical resistance and strong bullish continuation patterns.
Trading Strategy
📈 Bullish Scenario: If the price breaks above $4.90, the next targets are $5.05 and $5.50. Look for increasing volume as confirmation of sustained buying pressure.
📉 Bearish Scenario: A drop below $4.50 could indicate a pullback toward $4.00 or the 24h low at $3.49.
💡 Risk Management: Use stop-loss orders near $4.40 to protect against sudden reversals, given the recent high volatility.
Monitor closely and trade responsibly as SUI demonstrates strong upward momentum! 🚀
#BinanceAlphaAlert #SUIUSDT #CryptoAnalysis #FranklinCryptoETF #GrayscaleSUITrust
📊 SUI/USDT Technical Analysis – Binance Update
Current Price: $4.7350 (+22.88%)
24h High: $4.9099 | 24h Low: $3.4920
24h Volume (SUI): 192.95M
24h Volume (USDT): $808.27M
Key Indicators
1. SAR (Stop and Reverse): Current SAR is 4.9306, just above the current price, indicating that the bullish momentum may face resistance soon.
2. Bollinger Bands: The price is approaching the upper band, suggesting strong bullish momentum but also signaling caution for potential resistance or overbought conditions.
3. MACD: Strong bullish crossover, supported by high trading volume, confirms the upward momentum.
Targets 🎯
1️⃣ Target 1: $4.90
The 24h high and immediate resistance level. A breakout here could trigger further bullish momentum.
2️⃣ Target 2: $5.05
A psychological resistance level. Breaking this could signal a strong rally and attract new buyers.
3️⃣ Target 3: $5.50
A significant upside target aligned with historical resistance and strong bullish continuation patterns.
Trading Strategy
📈 Bullish Scenario: If the price breaks above $4.90, the next targets are $5.05 and $5.50. Look for increasing volume as confirmation of sustained buying pressure.
📉 Bearish Scenario: A drop below $4.50 could indicate a pullback toward $4.00 or the 24h low at $3.49.
💡 Risk Management: Use stop-loss orders near $4.40 to protect against sudden reversals, given the recent high volatility.
Monitor closely and trade responsibly as SUI demonstrates strong upward momentum! 🚀
#BinanceAlphaAlert #SUIUSDT #CryptoAnalysis #FranklinCryptoETF #GrayscaleSUITrust
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SUI
3.3081
-6.44%