Overall Trend:
The price of SUI/USDT is currently in a consolidation phase, moving within a defined range after a previous upward trend.
Support and Resistance Levels:
Immediate Support: $3.50
Immediate Resistance: $3.85
A breakout above or below these levels could indicate the next directional move.
Technical Indicators:
Moving Average (MA 200): The price is above the 200-hour moving average, suggesting a bullish bias.
Relative Strength Index (RSI): The RSI is around 76.33, indicating overbought conditions, which may lead to a pullback.
MACD: The MACD line is above the signal line, showing bullish momentum.
Cluster and Zone Analysis:
Significant price activity is observed near $3.70–$3.85, representing short-term resistance.
Lower accumulation zones are around $3.50, indicating buying interest.
SUI/USDT appears to be in a consolidation phase with a bullish bias. Traders should watch for a breakout or breakdown from the $3.50–$3.85 range for confirmation of the next trend. Given the overbought RSI, caution is advised, with appropriate stop-loss levels recommended in this range-bound market