🚀 $SUI Technical Analysis May 22, 2025: PRICE TESTING RESISTANCE NEAR $3.9864, SHOWING STRONG UPWARD MOMENTUM 🔥
📊 Market Insight • Current Price: 3.9864 USDT • Moving Averages (MAs) are aligned in a bullish trend. • Volume is robust, with 24h volume at 4.0685 SUI and 32.43M USDT, indicating significant market participation. • MACD is bullish, suggesting continued upward momentum. • RSI values are nearing overbought territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 4.0685 4.0928 🔽 Support Levels: 3.9151 3.7376 3.5842
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $4.0685 ☑️ Entry Point: $4.0750 (enter if price breaks above 4.0685 with bullish momentum confirmation) 🎯 Price Target: TP1: $4.0928 🛑 Stop Loss: $3.9500 (below the current support to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 4.0685, a spike in volume, RSI(6) rising above 70, and a MACD bullish crossover with the DIF moving further above the DEA.
🐻 Bearish Trade Setup: Breakdown below $3.9151 ☑️ Entry Point: $3.9000 (enter if price breaks below 3.9151 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.7376 TP2: $3.5842 🛑 Stop Loss (SL): $3.9500 (above the support level) ⚠️ Confirmation: Watch for a strong bearish candle close below 3.9151, a drop in volume, RSI(6) falling below 30, and the MACD deepening its bearish trend with the DIF dropping below the DEA.
📌 Suggestion to Open Positions Today: The price is currently at 3.9864, testing resistance near the recent high of 4.0685, with a 3.57% increase today. The bullish MACD, supportive MAs, and strong volume suggest potential for further upside, though the rising RSI indicates caution for overbought conditions. Traders should wait for a clear breakout above $4.0685 for a bullish setup or a breakdown below $3.9151 for a bearish move. Given the current momentum and volume, tight risk management is essential due to potential volatility in the SUI/USDT pair.
