SUI/USDT 1H: Bullish Momentum Building – $4.20 in Sight?!

SUI/USDT 1H Chart Analysis
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Current Market Structure:

• Price at $3.72 showing strong recovery after testing accumulation zone at $3.50-$3.60.
  
• RSI trending at 65, confirming strong momentum but not yet overbought.
  
• Significant volume spike on breakout above $3.50 resistance, signaling institutional interest.
  

Smart Money Concepts:

• Market Makers accumulated heavily in the $3.50-$3.60 range, shaking out weak hands below.
  
• Currently transitioning to a markup phase, with the next target set at the premium zone ($3.90-$4.00).
  
• Strong bullish structure indicates continued upward movement.
  

Key Levels:

• Entry Zone: $3.70-$3.75
  
• Targets:
  
• T1: $4.00 (psychological resistance)
  
• T2: $4.20 (previous swing high)
  
• T3: $4.50 (extended target)
  
• Stop Loss: Below $3.45 (recent swing low).
  

Risk Score:

• 6.5/10 - Favorable risk-reward ratio, but market volatility remains a factor.
  

Market Maker Intent:

• Accumulation phase appears complete near the discount zone. Current price action suggests an upward move targeting liquidity pools near $4.20-$4.50.
  

Recommendation:

• Long positions are favorable within the $3.70-$3.75 range. Monitor for volume confirmation above $3.90 to secure momentum. Maintain tight stops to protect against unexpected pullbacks.
  

Confidence Level:

• 8/10 for bullish continuation toward premium zones.
  

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