$SUI

4-Hour Analysis for SUI/USDT 🔍📊

1. Current Market Trend 📈

SUI/USDT shows a strong upward rally from $1.59 to $3.94, followed by a retracement. Despite the dip, the price is now stabilizing around $3.32, indicating a potential consolidation phase.

2. Key Support and Resistance Levels 🛡️📊

•Support: $3.00 (psychological level), $2.34 (previous low).

•Resistance: $3.94 (recent high), $4.05 (potential breakout point).

3. Volume Insights 🔊

High trading volume during the rally signals strong buying interest. However, recent volume drops suggest reduced momentum. Keep an eye for a volume spike to confirm future moves.

4. RSI Divergence 🟢🔴

The RSI likely moved into overbought zones near $3.94, signaling a possible correction. Now, it may be resetting, allowing for new bullish opportunities if it stays above the midline.

5. Moving Averages Trend 🌊

Short-term EMAs (e.g., 20-EMA) remain above longer-term ones (e.g., 50-EMA), supporting the bullish trend. A cross-down could signal bearish pressure.

6. Bollinger Band Squeeze 🎯

After expanding during the rally, bands are now tightening, indicating consolidation. Watch for a breakout above or below the bands to signal the next major move.

Final Thoughts 💡

SUI is currently in a critical zone where consolidation could lead to either a breakout or further correction. Traders should wait for confirmations and use tight stop-losses.