News: The listing of the ETF ignites the market
The first SUI ETF '21Shares 2x Long SUI ETF' has been officially approved for trading! This is a significant positive for the crypto space, opening the channel for institutional funds to enter, and market liquidity will significantly increase. The current SUI price is $1.65, and under the stimulus of the ETF, the short-term battle between bulls and bears intensifies, but in the long run, the entry of institutional funds may push the price to break upward.
Technical Analysis: Key indicators reveal the direction of the market
The current price remains above the key support level of $1.4682. If this level holds, it may form an 'air refueling' pattern, building momentum for future upward movement.
Clear support and resistance levels: Intraday support levels of $1.3038-$1.4682 form a strong support zone. If there is a pullback to this range, it can be seen as a buying opportunity; the upper resistance level of $1.6233-$1.7512 needs to be broken through, and if it stabilizes above $1.75 with increased volume, it may challenge the $1.94 resistance zone.
City lord's personal opinion: Buy on dips, focus on key levels.
In the current market, it is recommended that retail investors adopt a 'buy on dips' strategy:
Short-term operation: Place long positions near the support level of $1.4682, with a stop-loss set below $1.3038, targeting the resistance level of $1.75. If the price breaks through $1.75, additional positions can be added with a target of $1.94.
Medium to long-term layout: With long-term benefits supporting the ETF listing, if the price effectively breaks through $1.94, it may open up upward space to above $2.00.
Want to know the specific entry points, stop-loss settings, and real-time market updates? Follow the city lord, join the 'village' to get first-hand operational strategies! There are no ambiguous predictions here, only precise point analysis and real-time reminders—let's seize the SUI market opportunities together!
