Technical analysis by luta_ksa about Symbol SUI: Buy recommendation (12/9/2024)

SUIUSDT.P is currently trading within a range of $3.96-$4.02, with strong resistance at $4.10 and key support at $3.90. Technical indicators such as RSI reflect a balance between buying and selling forces, suggesting a neutral momentum. Moving averages indicate ongoing bearish pressure in the long term, while the MACD shows weak momentum. A breakout above $4.10 could push the price toward $4.25, whereas a breakdown below $3.90 may lead to declines toward $3.75. Caution is advised when trading, with clear stop-loss levels to manage risk effectively.