🚀 $SUI Technical Analysis July 29, 2025: PRICE STANDS AT $3.8222 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: $3.8222 USDT • Moving Averages (MAs) indicate a bearish shift with MA(7) at 3.9443, MA(25) at 4.0802, and MA(99) at 3.9224, showing price below short-term MAs. • Volume is significant at 37M (326.51M USDT), with a recent decrease suggesting reduced buying pressure. • MACD shows a bearish trend with DIF at -0.0147 and DEA at 0.0378, indicating potential downward momentum. • RSI values suggest a neutral to oversold zone, with RSI(6) at 23.0386, indicating room for further decline.
📊 Important Levels to Watch 🔼 Resistance Levels: $3.9443 $4.0802 $4.4902 🔽 Support Levels: $3.9224 $3.5125 $3.5000
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $3.9443 ☑️ Entry Point: $3.9500 (enter if price breaks above $3.9443 with bullish momentum confirmation) 🎯 Price Target: TP1: $4.0802 TP2: $4.4902 🛑 Stop Loss: $3.9300 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above $3.9443, an increase in volume, RSI(6) rising above 30, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Breakdown below $3.9224 ☑️ Entry Point: $3.9100 (enter if price drops below $3.9224 with bearish momentum confirmation) 🎯 Price Target: TP1: $3.5125 TP2: $3.5000 🛑 Stop Loss: $3.9300 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below $3.9224, a decline in volume, RSI(6) dropping below 20, and the MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today: The current price action reflects bearish momentum with a 6.29% decline and a bearish MACD shift. A breakdown below $3.9224 could lead to further losses, while a recovery above $3.9443 might signal a reversal. Monitor RSI for oversold conditions and volume for momentum shifts before entering positions.
