🚀 $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.
#sui #dailyearnings #signaladvisor #SUI🔥
📊 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.
#sui #dailyearnings #signaladvisor #SUI🔥
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SUI
3.762
-5.28%
