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SUI Price Rally: $3.88 Level Holds Key to $4.20+ Breakout 🚀
SUI is displaying impressive technical strength, with the latest data showing the token trading at $1.39 (down 1.35% over 24 hours). The recent price action reveals a compelling setup for traders monitoring this asset.
Technical Setup & Entry Strategy
After the bounce from the $3.71 support zone, SUI has established a solid foundation for potential upside movement. Traders eyeing positions should watch the $3.88-$3.92 range as a prime entry window. This zone aligns with key resistance levels that could spark renewed buying interest.
Target Levels & Profit Taking
The immediate resistance sits at $3.98, marking TP1 for risk-conscious traders. A decisive break and sustained close above this level would open the doors to $4.10 (TP2). If momentum persists through these checkpoints, the $4.20+ zone becomes a realistic target for the current rally phase.
Risk Management
The $3.82 support level should serve as a stop-loss anchor for this trade setup. This strategic placement limits downside exposure while maintaining favorable risk-reward dynamics for position holders.
The pattern suggests SUI could be building up for a more substantial move. With proper entry discipline around the $3.88-$3.92 band and strict adherence to the $3.82 stop, traders can position for potential gains as the market tests these critical price levels.