Technical Analysis of Sui Coin ($SUI): Are We Approaching a Strong Buying Opportunity?
General Technical Overview:
Sui Coin ($SUI) is experiencing volatility after a strong bullish wave that brought it to record levels at the beginning of the year. The current price is trading around $3.46, with weak short-term momentum, making it a potential entry point for investors interested in buying at the lows.
Current Technical Indicators (May 2025):
Current Price: $3.46
50-Day Moving Average: $3.36
200-Day Moving Average: $2.76
Relative Strength Index (RSI): 45.49 (Neutral with a slight tendency towards oversold)
Entry, Stop, and Target Points:
Optimal Entry Zone: Between $2.50 – $2.60 (Close to strong support)
Stop Loss: $2.30
First Target: $3.50
Second Target: $5.00
The currency is currently in a natural corrective phase after strong gains, and the RSI indicates it is approaching a potential buying zone. The moving averages remain positive in the medium and long term,
Summary:
The $SUI coin is approaching an important support point and could be one of the best buying opportunities if it does not break the $2.30 level. The targets are clear, but risk management remains a priority, especially at this stage of correction.
Note: This analysis does not constitute investment advice. Always conduct your own research and make decisions based on your strategy.
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