🚀 $SUI Technical Analysis June 12, 2025: PRICE STANDS AT $3.3536 WITH BEARISH MOMENTUM DOMINATING ⚠️

📊 Market Insight
• Current Price: 3.3536 USDT
• Moving Averages (MAs) indicate a bearish shift.
• Volume has increased, reflecting sustained market activity despite the downward trend.
• MACD shows a bearish signal.
• RSI values are in neutral to slightly oversold territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
3.4403
3.5286 (next psychological resistance)
3.5597 (potential extended target if bullish reversal occurs)
🔽 Support Levels:
3.3022 (MA(25) support)
3.1828 (recent low)

3.1639 (next significant support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.4403
☑️ Entry Point: $3.4500 (enter if price breaks above 3.4403 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.5286
TP2: $3.5597
🛑 Stop Loss: $3.4300 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.4403, a surge in volume, RSI(6) rising above 50, and a MACD bullish crossover with DIF continuing to rise above DEA.

🐻 Bearish Trade Setup: Breakdown below $3.3022
☑️ Entry Point: $3.2900 (enter if price breaks below 3.3022 with bearish momentum confirmation)
🎯 Price Target
TP1: $3.1828
TP2: $3.1639
🛑 Stop Loss (SL): $3.3200 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 3.3022, a decline in volume, RSI(6) falling below 30 (into oversold territory), and the MACD showing a bearish trend with DIF dropping below DEA.

📌 Suggestion to Open Positions Today:
Traders should exercise caution as the current price action reflects a -3.60% drop, indicating bearish momentum. A bullish setup could be considered if the price breaks above $3.4403 with strong confirmation from volume and indicators, suggesting a potential reversal. For bearish traders, a breakdown below $3.3022 could provide a solid entry, especially with RSI nearing oversold levels. Tight stop losses are advised.

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