$SUI

📈 Technical Analysis for SUI/USDT - 4-Hour Time Frame

🔹 Current Price: 3.5462 USDT

🔹 Increase Percentage: +3.89%

🔹 Technical indicators suggest the possibility of continued upward momentum after breaking through a major downward trend.

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🔍 Technical Overview:

✅ The price has clearly broken the downward trend, with candles closing above the horizontal resistance at 3.47

✅ The candles have breached the middle of the Bollinger Bands and are now heading towards the upper limit, reflecting strong momentum.

✅ MACD shows a clear positive crossover, and the histogram is turning green.

✅ RSI(6) is at 67 and approaching overbought territory, indicating good momentum but caution is needed near resistance levels.

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🎯 Potential Upward Targets:

1. First Target: 3.73

2. Second Target: 3.99

3. Third Target: 4.26

4. Long-term Target: 4.44

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🛡️ Suggested Stop-Loss Area:

Closing a 4-hour candle below 3.47 temporarily invalidates the positive scenario.

Strong support at 3.26.

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📌 Summary:

Breaking the downward trend and rising technical indicators provide a good entry opportunity for traders, targeting resistance levels above. We recommend monitoring trading volume and proceeding with caution near the 3.73 resistance.

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📢 This is not financial advice, just technical analysis. Manage your capital wisely.