๐ $SUI Technical Analysis July 31, 2025: PRICE STANDS AT $3.7760 WITH NEUTRAL MOMENTUM ๐
๐ Market Insight โข Current Price: $3.7760 USDT โข Moving Averages (MAs) indicate a neutral shift with MA(7) at 3.8243, MA(25) at 3.9575, and MA(99) at 3.9335, showing price below short-term MAs. โข Volume is significant at 37M (238.78M USDT), with a slight increase suggesting balanced activity. โข MACD shows a neutral trend with DIF at -0.0520 and DEA at -0.0523, indicating no strong momentum. โข RSI values suggest a neutral zone, with RSI(6) not fully visible but historical context indicating a balanced market.
๐ Important Levels to Watch ๐ผ Resistance Levels: $3.8243 $3.9575 $4.4436 ๐ฝ Support Levels: $3.5125 $3.5000
๐ก TRADE PLANS: ๐ Bullish Trade Setup: Reversal above $3.8243 โ๏ธ Entry Point: $3.8300 (enter if price breaks above $3.8243 with bullish momentum confirmation) ๐ฏ Price Target: TP1: $3.9575 TP2: $4.4436 ๐ Stop Loss: $3.8100 (below the resistance to manage risk) โ ๏ธ Confirmation: Look for a strong bullish candle close above $3.8243, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover.
๐ป Bearish Trade Setup: Breakdown below $3.5125 โ๏ธ Entry Point: $3.5100 (enter if price drops below $3.5125 with bearish momentum confirmation) ๐ฏ Price Target: TP1: $3.5000 ๐ Stop Loss: $3.5200 (above the current support) โ ๏ธ Confirmation: Watch for a strong bearish candle close below $3.5125, a decline in volume, RSI(6) dropping below 30, and the MACD confirming bearish momentum.
๐ Suggestion to Open Positions Today: The current price action reflects neutral momentum with a 0.41% rise and a flat MACD. A breakout above $3.8243 could lead to gains, while a drop below $3.5125 might signal a reversal. Monitor RSI for overbought/oversold conditions and volume for momentum shifts before entering positions.
