BlockchainBaller
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Bullish
$SUI /USDT: Consolidating After a Strong Surge... $SUI /USDT is currently trading at $3.6030, up 15.62% in the last 24 hours. The price recently hit a high of $3.8325 before pulling back, indicating consolidation before the next move.
Key Levels to Watch:
Support: $3.5000 – Holding above this level is crucial to maintain bullish momentum.
Resistance: $3.8300 – A breakout above this could trigger further upside.
Take-Profit (TP) Targets:
1. $3.8500 (Short-Term)
2. $4.0000 (Mid-Term)
3. $4.2000 (Extended Rally)
Indicators Review:
RSI: At 36.72, showing the price is nearing oversold territory, which might attract buyers.
MACD: Bearish crossover, suggesting caution until momentum confirms a clear trend.
Conclusion:
SUI is at a critical consolidation phase. A breakout above $3.8300 could initiate a fresh rally, while a drop below $3.5000 may trigger a correction. Set a stop-loss at $3.4500 to mitigate risks.
#MarketPullback
Key Levels to Watch:
Support: $3.5000 – Holding above this level is crucial to maintain bullish momentum.
Resistance: $3.8300 – A breakout above this could trigger further upside.
Take-Profit (TP) Targets:
1. $3.8500 (Short-Term)
2. $4.0000 (Mid-Term)
3. $4.2000 (Extended Rally)
Indicators Review:
RSI: At 36.72, showing the price is nearing oversold territory, which might attract buyers.
MACD: Bearish crossover, suggesting caution until momentum confirms a clear trend.
Conclusion:
SUI is at a critical consolidation phase. A breakout above $3.8300 could initiate a fresh rally, while a drop below $3.5000 may trigger a correction. Set a stop-loss at $3.4500 to mitigate risks.
#MarketPullback
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