The $SUI daily chart is showing signs of a classic bullish reversal.
After finding strong support near the $0.92 zone, the price has successfully reclaimed the psychological $1.00 level.
Currently, we are seeing a series of higher lows on the D1 timeframe. The RSI is trending upward at 62, suggesting there is still plenty of "fuel in the tank" before reaching overbought territory. If SUI can maintain a daily close above the $1.08 resistance, we could see a rapid move toward the next major liquidity zone.
📉 The Trade Setup
This setup is designed for a swing trade based on the current daily momentum.
* Signal: Buy / LONG 🟢
* Entry Zone: $1.05 - $1.07
* Take Profit (TP): $1.28 (Targeting the next structural resistance)
* Stop Loss (SL): $0.99 (Just below the psychological support)
💡 Market Context
While SUI is looking strong, always keep an eye on the leaders. $BTC is currently hovering near $74k, providing a stable backdrop for altcoin growth. Additionally, $BNB strength often correlates with increased activity across the Binance ecosystem, which typically benefits high-utility Layer 1s like Sui.
#SUI #CryptoTrading #TechnicalAnalysis #Layer1
> Disclaimer:
This is not financial advice. Crypto markets are highly volatile; always manage your risk and DYOR!
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