SUI/USDT 1H: Bullish Breakout Confirmed – Can $2.65 Be Reached

SUI/USDT 1H: Bullish Breakout Confirmed – Can $2.65 Be Reached?

Current Market Conditions (Confidence: 8/10):

• Price at $2.40, showing a strong breakout from the accumulation zone.
  
• RSI at 60.41, indicating bullish momentum with room to run higher.
  
• Clean break above $2.35 resistance with strong volume confirms bullish intent.
  
• Hidden bullish divergence forming on RSI, reinforcing continuation potential.
  

LONG Trade Setup:

• Entry: $2.38 - $2.42 zone.
  
• Targets:
  
• T1: $2.50 (first resistance).
  
• T2: $2.65 (major liquidity zone).
  
• Stop Loss: $2.30 (below recent support).
  

Risk Score:

• 7/10 – Favorable risk-to-reward, but watch for temporary resistance at $2.50.
  

Market Maker Activity:

• Accumulation is evident with minimal selling pressure above $2.35.
  
• The clean break of resistance suggests a continuation of the uptrend.
  
• Strong support is established at $2.30, with clear order blocks reinforcing demand.
  
• Bull flag pattern forming, signaling an imminent move higher.
  

Recommendation:

• Long positions remain favorable in the $2.38 - $2.42 range.
  
• Monitor price action at $2.50, as this level may provide temporary resistance.
  
• If volume continues to increase, expect a move toward $2.65.
  

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