SUI on the Edge: Will Key Resistance Levels Spark a Breakout? $SUI is showing critical formations on the 1-hour chart, with indicators reflecting cautious optimism. Recent closing prices indicate a moderate uptrend, but resistance levels at $2.3123, $2.3127, and $2.3424 could challenge further gains. 🔹 Support Levels: Key supports are at $2.2487, $2.2355, and $2.2231. A drop below $2.2487 may signal a bearish shift, while these levels could serve as entry points for long trades if oversold conditions arise. 🔹 EMA Insights: The 9 EMA and 20 EMA are closely aligned, suggesting consolidation. A crossover above the 20 EMA could confirm bullish momentum, but current proximity indicates trader hesitation. 🔹 MACD & RSI: The MACD remains bearish, but a convergence could signal a potential bullish shift. The RSI is neutral, hovering around 51.50, indicating balanced price action. #Trading #SUI #TrendingInvestments
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#BTC、 Right now, #Bitcoin is trading at around $65,300. It's found some support at about $64,500, which is important to break through for prices to go down further. We might see Bitcoin staying in a range between $64,800 and $67,000 for a while. If Bitcoin doesn't drop below its current support level, it could go up to $70,000, but then it might drop again to around $67,000 before making a big jump in value. However, if #BTC does break below $64,500, it could go down to around $62,400 to $62,600, which is a crucial area to keep an eye on. If it reaches this point, there might be a rise in price. But if it breaks this support too, then #Bitcoin could drop to $57,000 to $58,000.
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A brief thoughts on $BTC and the rest of the market I think this is going to be a big week not only because Bitcoin is now at one of the key area on chart but based on the market sentiments as well. So many traders can get hurt There are people right now who are trying to short meme coins or other coins pumping hard, thinking it will dump soon and getting liquidated. And the same time as market is going up on the first day of new week clearly shows how euphoric the bulls are we can see the fomo in the market. Do not be surprised if you see some red candles stepping in to liquidate these fomo buyers this week as well. What you should be doing in this situation ? Well if you are the one trying to short the market , don't be a hero and stop doing it as you're playing a guess game and you don't know how high the market can squeeze. And if you're the one feeling fomo the first thing is try to ignore the coins where everyone is rushing or take the calculated risk only. There will be countless opportunities if you missed these. I will not recommend anyone to be over exposed to market this week as the sentiments are at the peak, in the time like these preserving your capital is more important than taking an unnecessary trade and lose it.
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