SUI rises to 1.178 and targets 1.207: breakout or pullback?
$SUI is trading at US$1.178, +4.67% in 24h and +1.27% in 7 days. The day’s range has been 1.123‑1.198 with volume of US$67M.
On the 4h chart, the EMA20 is at 1.167 and the EMA50 at 1.141, which keeps an uptrend intact. The RSI at 53.0 indicates balance—neither overbought nor oversold.
Key supports are 1.114 and 1.038; resistances are 1.207 and 1.295. If price breaks 1.207 with a close, the next target would be the upper resistance at 1.295 (bullish scenario). A drop below 1.114 would invalidate that view and open the path to 1.038 (bearish scenario).
In Binance futures, funding is +0.0100% every 8h and open interest rose 1.7% in 24h, adding up to US$153M, with 68% of accounts long. I wouldn’t enter without seeing confirmation above 1.207; the long bias is very concentrated and could reverse.
Does it break above 1.207 or fall back under 1.114? 🟢/🔴
#SUI #DeFi
Not financial advice. Verify before investing.
$SUI is trading at US$1.178, +4.67% in 24h and +1.27% in 7 days. The day’s range has been 1.123‑1.198 with volume of US$67M.
On the 4h chart, the EMA20 is at 1.167 and the EMA50 at 1.141, which keeps an uptrend intact. The RSI at 53.0 indicates balance—neither overbought nor oversold.
Key supports are 1.114 and 1.038; resistances are 1.207 and 1.295. If price breaks 1.207 with a close, the next target would be the upper resistance at 1.295 (bullish scenario). A drop below 1.114 would invalidate that view and open the path to 1.038 (bearish scenario).
In Binance futures, funding is +0.0100% every 8h and open interest rose 1.7% in 24h, adding up to US$153M, with 68% of accounts long. I wouldn’t enter without seeing confirmation above 1.207; the long bias is very concentrated and could reverse.
Does it break above 1.207 or fall back under 1.114? 🟢/🔴
#SUI #DeFi
Not financial advice. Verify before investing.
