$SUI

📊 SUI/USDT Technical Analysis – Binance Update

Current Price: $4.7350 (+22.88%)

24h High: $4.9099 | 24h Low: $3.4920

24h Volume (SUI): 192.95M

24h Volume (USDT): $808.27M

Key Indicators

1. SAR (Stop and Reverse): Current SAR is 4.9306, just above the current price, indicating that the bullish momentum may face resistance soon.

2. Bollinger Bands: The price is approaching the upper band, suggesting strong bullish momentum but also signaling caution for potential resistance or overbought conditions.

3. MACD: Strong bullish crossover, supported by high trading volume, confirms the upward momentum.

Targets 🎯

1️⃣ Target 1: $4.90

The 24h high and immediate resistance level. A breakout here could trigger further bullish momentum.

2️⃣ Target 2: $5.05

A psychological resistance level. Breaking this could signal a strong rally and attract new buyers.

3️⃣ Target 3: $5.50

A significant upside target aligned with historical resistance and strong bullish continuation patterns.

Trading Strategy

📈 Bullish Scenario: If the price breaks above $4.90, the next targets are $5.05 and $5.50. Look for increasing volume as confirmation of sustained buying pressure.

📉 Bearish Scenario: A drop below $4.50 could indicate a pullback toward $4.00 or the 24h low at $3.49.

💡 Risk Management: Use stop-loss orders near $4.40 to protect against sudden reversals, given the recent high volatility.

Monitor closely and trade responsibly as SUI demonstrates strong upward momentum! 🚀

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