🚀 SUI Support and Resistance Levels Explained! 📉📈
🔹 Support:
The main support is sitting at $2.81 (marked by the recent low of $2.8051). This is a crucial level — if the price drops below it, we may see a further pullback.
🔹 Resistance:
On the upside, we have resistance first at $3.05 (around the 7-Day Moving Average) and then at $3.29 (25-Day Moving Average). Breaking above these could be a sign of momentum shifting back toward the bulls.
🚥 Tip:
Support and resistance act as psychological levels for traders. Support is where buying pressure typically comes in, while resistance is where selling pressure starts to weigh on price.
🎉 Keep an eye on these levels to plan your trades, set your stop-loss, or take profits.
Don’t forget — markets can be unpredictable, so always do your own research (DYOR) and manage your risk carefully!
