🚀 $SUI Technical Analysis June 26, 2025: PRICE STANDS AT $2.6533 WITH BEARISH MOMENTUM 📉
📊 Market Insight
• Current Price: 2.6533 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has decreased, reflecting reduced market activity and possible consolidation or selling pressure.
• MACD shows a bearish trend.
• RSI values are neutral.
📊 Important Levels to Watch
🔼 Resistance Levels:
2.8300
2.8449
2.9000
🔽 Support Levels:
2.6138
2.6000
2.5138
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2.8300
☑️ Entry Point: $2.8350 (enter if price breaks above 2.8300 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2.8449
TP2: $2.9000
🛑 Stop Loss: $2.8200 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2.8300, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $2.6138
☑️ Entry Point: $2.6100 (enter if price breaks below 2.6138 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2.6000
TP2: $2.5138
🛑 Stop Loss (SL): $2.6200 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2.6138, a decline in volume, RSI(6) dropping below 30, and the MACD showing a bearish trend with DIF falling further below DEA.
📌 Suggestion to Open Positions Today:
The MACD indicates a bearish trend, and the RSI is nearing oversold levels, suggesting a potential short-term bounce or further decline if selling pressure continues. A breakout above $2.8300 could signal a reversal, while a drop below $2.6138 might accelerate the downtrend. Given the reduced volume and neutral-to-oversold RSI, caution is advised—wait for confirmation signals (e.g., a bullish reversal pattern or increased volume) before entering trades. Tight stop losses are recommended due to the asset's volatility.
