🚀 $SUI Technical Analysis June 13, 2025: PRICE STANDS AT $2.9418 WITH STRONG BEARISH MOMENTUM ⚠️
📊 Market Insight • Current Price: 2.9418 USDT • Moving Averages (MAs) indicate a bearish trend. • Volume has surged to 1,889.915K over the past period, reflecting heightened market activity amid the sharp decline. • MACD shows a bearish signal. • RSI values are in oversold territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 3.102 3.3319 (next psychological resistance) 3.3717 (potential extended target) 🔽 Support Levels: 2.9186 (current price level acting as immediate support) 2.8636 (next significant support) 2.8000 (potential further support if trend continues)
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3.102 ☑️ Entry Point: $3.1100 (enter if price breaks above 3.102 with bullish momentum confirmation) 🎯 Price Target: TP1: $3.3319 TP2: $3.3717 🛑 Stop Loss: $3.0900 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3.102, a surge in volume, RSI(6) rising above 30, and a MACD bullish crossover with DIF continuing to rise above DEA.
🐻 Bearish Trade Setup: Breakdown below $2.9186 ☑️ Entry Point: $2.9100 (enter if price breaks below 2.9186 with bearish momentum confirmation) 🎯 Price Target TP1: $2.8636 TP2: $2.8000 🛑 Stop Loss (SL): $2.9300 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2.9186, a decline in volume, RSI(6) remaining below 30 (oversold territory), and the MACD showing a bearish trend with DIF dropping below DEA.
📌 Suggestion to Open Positions Today: A bullish setup could be considered if the price breaks above $3.102 with strong confirmation from volume and indicators, suggesting a potential reversal. For bearish traders, a breakdown below $2.9186 could offer a short-term entry, though the oversold RSI suggests caution for further downside. Tight stop losses are highly recommended due to significant volatility.
