📈 1. Overview $SUI
- Current price: $3.41–3.46 (slight fluctuation around $3.42).
- 24-hour change: ▲ +1.1%, with a trading range between $3.35 (strong support) and **$3.55** (major resistance).
- Market capitalization: $11.61 billion (ranked #15 globally).
- Trading volume (24 hours): $586–791 million, down 34.7% compared to last week, indicating a decline in short-term activity.
---
📉 2. Key Technical Indicators
Overall trend: Neutral with slight bearish signals
- Moving averages:
- The price is below the 50-Day SMA ($3.54), indicating short-term bearish pressure.
- The price is above the 200-Day SMA ($2.85), supporting the long-term bullish trend.
- Relative Strength Index (RSI 14): at 52.04 (neutral), with a slight bias towards the selling area.
- Critical support and resistance levels:
- Immediate support: $3.35 (breaking it could push the price to $3.03).
- Immediate resistance: $3.55 (breaking it could lift the price to $3.65–3.85).
- Other indicators:
- MACD: shows a slight bearish crossover on the daily frame.
- Volatility: 8.23% (relatively low), with 40% bullish days over the past month.
---
⚠️ Short-term Forecast (Today and Week)
- Bullish scenario:
- A break of $3.55 could push the price to $3.85, especially with improved market sentiment (greed index at 71).
- This scenario is reinforced when trading volume rises above $800 million.
- Bearish scenario:
- Failure to break $3.55 + testing resistance may lead to a correction to $3.03–3.20.
---
📌 Strategic Recommendations
- Day traders:
- Buy on a break of $3.55 with a stop loss at $3.40.
- Partial selling at $3.80–3.85 for quick profits.
- Long-term investors:
- Buy on a correction to $3.20–3.30, with a target of $5+ by 2026.
- Monitor network technical developments (such as Bullshark algorithm upgrades).
- Risk management:
- Avoid high leverage due to potential volatility.
- Diversify the portfolio to reduce excessive exposure to SUI.
---
💎 Summary
The market is in a neutral phase with a short-term bearish inclination, supported by mixed technical indicators and weak trading volume. The immediate outlook focuses on $3.35 (support) and $3.55 (resistance), with a potential correction to $3.03 if the bullish breakout fails. In the long term, the outlook remains positive with the price reaching $6.77–8.19 by 2030 (+97–140%). It is recommended to follow news on technical network developments and their impact on liquidity.
> ✅ Main Advice:
> Monitor daily trading volume; rising above $800 million may indicate the beginning of an upward wave.#CryptoSecurity101
