SUI/USDT : Potential Upswing Ahead

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The **SUI/USDT** pair is currently moving within a **descending channel** on the **4-hour chart**, indicating a possible upward continuation. Key observations include :

- **Trend Stabilization**: The price is stabilizing above the **100-period moving average**, which is a positive sign for further upward movement.

- **RSI Indicator**: The **Relative Strength Index (RSI)** shows a descending trend, but a breakout upwards is anticipated, supporting a price rise.

- **Support Level**: A significant support area is identified at **$1.70**, which could act as a safety net for price action.

- Entry and Targets :

- **Entry Price**: **$1.79**

- **First Target**: **$1.88**

- **Second Target**: **$2.03**

- **Third Target**: **$2.16**

Conclusion :

The technical indicators suggest that **SUI/USDT** may be on the verge of an upward movement, especially if it can stabilize above the moving average and break through the RSI resistance.

Advice :

- Monitor Entry Points : Consider entering at **$1.79** and closely observe the price action as it approaches the targets.

- Stay Vigilant : Keep an eye on the support level at **$1.70** to ensure that it holds; this will be crucial for maintaining bullish momentum.

- Strategic Targeting : Set clear profit targets at **$1.88**, **$2.03**, and **$2.16** to maximize potential gains while managing risk effectively.