đąBinance focused on the SUI/USDT pair with three target price levels:đą
đ Technical Analysis: SUI/USDTđ Current Price: $2.0633 (+14.35%)SUI has shown strong bullish momentum recently, bouncing off its support levels and moving towards key resistance points. Here's an in-depth look:đ Key Indicators:SAR (Stop and Reverse): 2.0001 â This shows the bullish trend is intact, with SAR sitting below the price action, indicating room for further upside.RSI (Relative Strength Index): Strong momentum, but approaching overbought levels. A potential cooling-off might be expected before the next leg up.MACD: Bullish crossover confirmed, indicating the uptrend is gaining strength.đŻ Target 1: $2.18This is the immediate resistance zone near the previous 24h high of $2.0876. Breaking above this level would confirm sustained bullish momentum, making it a key target for short-term traders.đŻ Target 2: $2.35A strong rally could push the price toward the $2.35 zone. This level coincides with the upper range of the Bollinger Bands, indicating a potential breakout if volume supports the movement.đŻ Target 3: $2.50The final target for the current bullish cycle. $2.50 represents a psychological barrier and a key Fibonacci extension level. If reached, this would mark a significant breakout, supported by increasing volume and strong market sentiment.
â ïž Watch for pullbacks: The $1.79 support level is a critical point to monitor in case of any corrections. A failure to hold above this level could signal a reversal.
đ Keep an eye on volume surges and RSI levels to time entries and exits. Happy trading!
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