$SUI 🔥

/ USDT analysis 💥

‼️❌❌Keep stop ❌❌‼️

🔍 Current Price: $4.83 (-3.07%)

📊 24h Range: $4.8131 - $5.0714

💹 Volume (24h):

SUI: 33.93M

USDT: $168.30M

Technical Analysis

1️⃣ SAR (Stop and Reverse):

The SAR indicator is at $4.8164, signaling a possible reversal or continuation of the current trend. Since the current price is close to this level, it serves as an important pivot point.

2️⃣ Resistance and Support Levels:

Resistance 1: $5.00 – A psychological and technical barrier near the recent high.

Resistance 2: $5.25 – A potential breakout target if bullish momentum continues.

Support: $4.80 – Closely aligned with recent lows and the SAR level.

3️⃣ Trading Volume:

High trading volume suggests strong market participation, indicating that the price action is supported by liquidity.

🎯 Price Targets

1. Target 1 (Short-term): $4.98

This level aligns with the mid-range and near-term resistance. Ideal for quick trades.

2. Target 2 (Mid-term): $5.07

The 24h high. A breakout above this could spark stronger bullish momentum.

3. Target 3 (Long-term): $5.25+

If the bullish trend strengthens, this level represents the next major resistance zone.

Market Sentiment

The SUI/USDT pair shows strong market participation with a clear trading range. Traders should watch for a break above $5.07 for confirmation of bullish momentum. Alternatively, a dip below $4.80 might signal bearish pressure.

📢 Trade Wisely! Keep stop-loss orders in place and monitor volume for confirmation of trends.

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