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📈 Technical Analysis SUI/USDT: growth prospects! 🚀
On the daily chart of SUI/USDT, we see a confident upward trend! 💪 The price recently broke through the key resistance level at $2.5403 (EMA60) and has consolidated above it, indicating a strong bullish momentum. The current price of $3.2679 (+9.19%) shows a steady rise, and the trading volume (31.28M) confirms market interest. 📊
Indicators are also on the bulls' side:
RSI(6) at the level of 90.6442 — overbought zone, but this may indicate a continuation of the momentum in the short term.
KDJ (K: 74.4070, D: 57.7120, J: 103.7969) shows a bullish signal as the J-line is above 100.
StochRSI (14, 14, 3.3) is close to 1.0000, which confirms the strength of the current movement.
Key support levels: $2.8140 (EMA20) and $2.5403 (EMA60). If the price holds above these levels, the next target is $3.4795 (local high). In case of a breakout, one can expect a movement towards $4.0000. 🚀
Gate.io continues to delight traders with liquidity and trading opportunities for SUI. Congratulations to the platform on its 12th anniversary! 🎉 #12th Anniversary: Share Over $1M
⚠️ Don't forget about risk management: the cryptocurrency market is volatile, and corrections are possible. Trade wisely! 💡 Share your thoughts! 👇