By NoriFtm | Binance Square Write to Earn
As of April 30, 2025, here's a concise technical breakdown of SUI/USDT on the 4-hour timeframe, based on live data from Binance.
Market Snapshot
Current Price: 3.5308 USDT
24H Range: 3.4199 – 3.6172 USDT
24H Volume: 56.23M SUI | 199.61M USDT
Price Change: -1.54% (slightly bearish tone)
Key Technical Levels
Support Zones:
Primary Support: 3.39 – price recently bounced here.
Secondary Support: 3.23
Deeper Support: 3.04 — strong historical demand zone.
Resistance Zones:
Immediate Resistance: 3.66
Higher Target: 3.89 — breakout above this could open up more upside.
Indicator Readings
Bollinger Bands:
Current price is hovering near the middle band (3.5906) — suggests price may move sideways in the short term.
Bands are narrowing, signaling consolidation ahead of a possible breakout.
RSI (Relative Strength Index):
RSI(14): 41.31 — slightly bearish, not oversold yet.
RSI(40,60): Near 60.5 — neutral stance, waiting for stronger momentum.
Trading Strategy Overview
Short-Term Traders:
Monitor dips toward 3.39 or 3.23 — possible bounce zones.
If confirmed, target 3.59 to 3.66 with tight stop-losses.
Breakout Traders:
Watch for a clear break above 3.66 with volume — this could lead to a push toward 3.89+.
Avoid FOMO entries unless breakout is volume-backed.
Risk Tips:
Use stop-loss just below 3.23 for downside protection.
Stay out if volume dries up — no breakout is valid without strong participation.
Closing Thoughts by NoriFtm
The current SUI/USDT setup is calm but loaded with potential. With narrowing volatility and key levels in play, a decisive move could come soon. Be patient, watch volume, and respect risk. Timing is everything.
Stay tuned with me — @NoriFtm on Binance Square — as I continue to deliver data-driven market insights through the Write to Earn program. Every move matters. Trade smart!
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