SUI/USDT Technical Analysis: Key Price Levels and Target Predictions šÆ
Current Price: $2.2194 (+17.99% in the last 24 hours)
24h High: $2.2888
24h Low: $1.8772
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Market Overview:
SUI has seen strong bullish momentum recently, with a +17.99% increase in the past 24 hours, suggesting growing investor interest. The pair is trading at $2.2194, just below the 24-hour high of $2.2888. Despite some minor fluctuations, the overall trend appears to be on the upside.
Technical Indicators:
SAR (Stop and Reverse) Value: 1.9715 ā This indicates a potential support zone and signals that the price may hold or bounce above this level.
Volume: Strong trading volume of 139.56M for SUI and 283.81M for USDT, indicating active market participation.
Key Price Targets šÆ:
1. Target 1: $2.29 (Resistance Zone)
The immediate resistance level lies around $2.29, which coincides with the 24-hour high. A break above this zone could trigger further bullish movement toward higher levels.
2. Target 2: $2.40 (Psychological Resistance)
A further push beyond $2.29 could see SUI testing the next key psychological resistance level at $2.40. This level has previously acted as a significant barrier in the past, making it a critical area to watch.
3. Target 3: $2.50 (Extended Bullish Target)
If the upward momentum continues and the $2.40 resistance is broken, SUI may aim for the $2.50 level, where strong selling pressure could be expected, potentially signaling a reversal or consolidation.
