#BTCRebound #SUIPricePrediction
::Support and Resistance Levels::
*Immediate Support: $2.57 (recent breakout level, aligned with the 200 EMA cluster). Holding above this level indicates strength.
*Major Support: $1.77–$2.00, a strong demand zone with historical buying interest.
**Immediate Resistance: $3.70–$3.90. Breaking this could target $4.20–$4.40, near early January 2025 highs.
**Major Resistance: $4.60–$5.00, a level that has capped previous rallies.
Other Indicators:
Bollinger Bands:
SUI is testing the upper band, suggesting a possible rebound or correction toward the SMA (~$3.17) if overbought conditions persist.
Average True Range (ATR):
Rising ATR indicates increasing volatility, which could lead to sharp price movements in either direction.
Recommendation:
Traders: Consider buying on dips near $2.57–$3.00 with a stop-loss below $2.00 to manage risk. Take profits near $4.20–$4.40 if resistance holds.
Disclaimer: Cryptocurrency investments carry high risk. Conduct your own research and consult a financial advisor before making decisions. This analysis is for informational purposes only and not financial advice.
