$SUI

🔍 Market Snapshot

• Current Price: $3.7045 (+5.78% in 24h)

• 24h Range: $3.4952 – $3.7448

• Volume (24h):

• SUI: 61.38M

• USDT: 223.81M

• Recent low: $3.4041

• Recent resistance: ~$3.7448

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📈 Technical Analysis

Moving Averages

• MA(7) (Yellow): 3.6813 → Bullish crossover above price.

• MA(25) (Pink): 3.5984 → Price trading above, showing short-term strength.

• MA(99) (Purple): 3.7998 → Still above the current price = medium-term resistance.

Candlestick Pattern

• Strong recovery from $3.4041

• Multiple green candles with higher lows → upward momentum.

• Currently struggling to break above the 99-period MA resistance (~$3.80).

Volume & Order Book

• Buyer dominance (Bid:Ask ratio ~53:47) → Bullish sentiment.

• Healthy buy wall around $3.69–$3.70 suggests support is forming.

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🧠 Strategic Considerations

1. Short-Term Bullish Bias

• If you are looking to enter:

• Buy zone: $3.65–$3.70 (close to MA(25) and local support).

• TP1: $3.80 (resistance at MA(99))

• TP2: $4.00 (psychological + historical resistance)

• SL: Below $3.60 or just under $3.50 (24h low + risk management)

2. Breakout Play

• Wait for a confirmed breakout above $3.80 (MA99 + previous resistance).

• Look for high volume on the breakout.

• Ideal for momentum traders aiming for $4.00+ zone.

3. Mid-Term Holder

• Accumulate gradually if you believe in SUI’s fundamentals and expect post-unlock upside (as per your earlier interest in unlock modeling).

• Set laddered buy orders below $3.70 in case of short-term dips.

4. Risk Factors

• Low-volume breakout = false breakout risk

• Macro factors or token unlock news can reverse trends quickly

• RSI/KDJ not visible here – you might want to check them to avoid overbought entry

✅ Action Plan Summary

1

Monitor if price holds above $3.65–$3.70 (support zone).

2

Wait for a breakout above $3.80 with volume for aggressive entry.

3

Use stop-losses tightly around $3.50–$3.60 to manage downside.