📌 Market overview
Current price: $4.03
24h volatility: +2.28%
Daily high: $4.25
Daily low: $3.86
Market capitalization: Data not available
24h trading volume: Data not available
All-time high (ATH): $5.36 (January 2025)
SUI is experiencing strong growth, with a price increase of over 2% in the past 24 hours. This momentum is driven by increasing interest from investors and positive news from the market.
📈 Technical analysis
Nearby resistance: $4.22, $4.65, $5.00
Strong support: $3.80, $3.50, $3.20
RSI (4H): Near 70 – overbought region
MACD: Heading towards bullish crossover
50-day SMA: Expected to reach $3.90 by May 15, 2025
200-day SMA: Expected to reach $3.60 by May 15, 2025
The 4-hour chart shows SUI in a strong upward trend, supported by technical indicators. However, the high RSI indicates caution for potential short-term correction.
📊 Trading strategy
Scenario 1 – Open Long position
Reason for entry: Price broke through resistance level of $4.00 with strong trading volume, confirming an upward trend.
Entry zone: $4.00 – $4.10
Stop-loss (SL): $3.85 (Below nearest support)
Take-profit 1 (TP1): $4.50
Take-profit 2 (TP2): $5.00
Success probability: 75% (Based on technical signals and strong inflow)
Scenario 2 – Open Short position
Reason for entry: Price failed to maintain above $4.50 and shows signs of bearish reversal.
Entry zone: $4.50 – $4.60
Stop-loss (SL): $4.70 (Above nearest resistance)
Take-profit 1 (TP1): $4.20
Take-profit 2 (TP2): $4.00
Success probability: 65% (Based on potential correction after strong uptrend)
Note: The market is in an exuberant state; risk management should be tight and closely monitor technical signals.
📰 Trending news
SUI overcomes pressure from token unlocking: On May 1, SUI unlocked 88.43 million tokens (~$350 million), but the price still rose sharply, indicating good market demand absorbing the new supply.
SUI price forecast: Experts predict SUI could reach $4.36 by May 12, 2025, with strong growth potential if the current trend continues.
🔗 Trade SUI