๐ $SUI Technical Analysis June 30, 2025: PRICE STANDS AT $2.8386 WITH BULLISH MOMENTUM ๐
๐ Market Insight
โข Current Price: 2.8386 USDT
โข Moving Averages (MAs) indicate a bullish trend.
โข Volume has increased to 624,532.1, reflecting solid market activity and potential buying pressure.
โข MACD shows a bullish trend.
โข RSI values are in the neutral territory.
๐ Important Levels to Watch
๐ผ Resistance Levels:
2.9403
3.0000
3.1000
๐ฝ Support Levels:
2.7573
2.6940 (near MA(25))
2.6680
๐ก TRADE PLANS:
๐ Bullish Trade Setup: Breakout above $2.9403
โ๏ธ Entry Point: $2.9500 (enter if price breaks above 2.9403 with bullish momentum confirmation)
๐ฏ Price Target:
TP1: $3.0000
TP2: $3.1000
๐ Stop Loss: $2.9200 (below the resistance to manage risk)
โ ๏ธ Confirmation: Look for a strong bullish candle close above 2.9403, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF rising further above DEA.
๐ป Bearish Trade Setup: Pullback below $2.7573
โ๏ธ Entry Point: $2.7500 (enter if price drops below 2.7573 with bearish momentum confirmation)
๐ฏ Price Target:
TP1: $2.6940
TP2: $2.6680
๐ Stop Loss (SL): $2.7700 (above the current support)
โ ๏ธ Confirmation: Watch for a strong bearish candle close below 2.7573, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
๐ Suggestion to Open Positions Today:
The MACD is nearing a bullish crossover, supported by steady volume, indicating potential for further gains. The RSI remains in neutral territory, suggesting room for growth before overbought conditions. A breakout above $2.9403 could drive the price toward $3.0000 or higher, while a drop below $2.7573 might signal a correction. Given the positive indicators, a cautious bullish approach is favored, but tight stop losses are recommended to manage the risk of a reversal. Wait for confirmation signals before entering trades.
#sui #SUIUSDT #dailyearnings #signaladvisor #SUI๐ฅ