Here’s an analysis of SUI/USDT based on the 15-minute, 1-hour, and 4-hour charts:
1. 15-minute chart:
- Price has reached 1.9492, with a recent high of 1.9647.
- The RSI is sitting around 68-65, indicating it's still in a relatively strong position but no longer overbought. This suggests some cooling off but still enough bullish momentum.
- The MACD is positive, confirming bullish momentum, but it may flatten out soon if the price consolidates further.
Key observation: The price may continue consolidating in the 1.94-1.96 range, with a potential small pullback before a continued rise.
2. 1-hour chart:
- The price has hit 1.9494, with a strong run-up. RSI is around 77, still in overbought territory but cooling down slightly.
- The MACD is widening in a bullish manner, showing strong momentum, although slight retracement is seen.
Key observation: There may be more consolidation or a minor pullback, possibly to the 1.93 zone, before the next move up.
3. 4-hour chart:
- The price has retraced from previous highs but continues to climb, now showing strength around 1.9494.
- The RSI is around 71, which signals that it's in the overbought zone but with bullish momentum.
- The MACD is crossing into bullish territory, showing potential for further upside.
Key observation: The current uptrend looks strong, but a slight retracement or consolidation around 1.93-1.95 may occur before further bullish action.
Overall:
If you're considering an entry, a potential good buy area could be around 1.93, with strong bullish momentum showing signs of continuation once consolidation or minor retracement plays out. Keep monitoring the RSI and MACD for any shifts in momentum or signs of a pullback.
