SUI/USDT Technical Analysis & Targets 🎯
📊 Current Price: $4.6113 (+4.44%)
📈 24H High: $4.7739
📉 24H Low: $4.2530
Market Update:
SUI has shown bullish momentum with a 24-hour price increase of +4.44% and trading volumes reaching $479.25M USDT. This indicates strong market interest and potential for further upward movement.
Technical Analysis:
1️⃣ Support Level: $4.25 (Key zone where buyers are likely to re-enter)
2️⃣ Resistance Level: $4.77 (Previous 24h high – critical breakout point)
3️⃣ Volume: 105.59M SUI traded in the last 24 hours, showcasing high liquidity.
Targets 🎯 for Short-Term Trading:
1️⃣ Target 1: $4.77 – Testing recent highs. A breakout above this level could confirm further bullish momentum.
2️⃣ Target 2: $5.00 – A psychological resistance level; breaking this could drive significant interest.
3️⃣ Target 3: $5.30 – Extension target based on Fibonacci retracement levels, signaling continued strength.
Trading Strategy:
Bullish: Look for a clean break above $4.77 with volume confirmation to aim for the next targets.
Bearish: If the price drops below $4.25, expect further downside to $4.00.
Let us know your thoughts below or share your SUI/USDT trading experience! 🚀
