Current Price: $2.3006 (-2.09%)
24h High: $2.3555
24h Low: $2.2044
Technical Overview:
SUI/USDT is consolidating within a tight range, facing slight downward pressure. The price has been fluctuating between $2.20 and $2.38, showing minor pullbacks after each attempt to move higher.
Moving Averages:
MA (7): $2.2747
MA (25): $2.2924
MA (99): $2.1920
The proximity of the 7- and 25-day MAs suggests range-bound movement, while the 99-day MA provides support around $2.19.
Volume:
Trading volume remains moderate, with occasional spikes indicating buying interest but lacking strong momentum to drive a breakout from the consolidation range.
Support and Resistance Levels:
Support: Strong support at $2.20, aligning with recent lows.
Resistance: Resistance at $2.38. A breakout above this level could signal the beginning of an upward trend.
Market Sentiment:
Sentiment appears neutral to mildly bearish, with limited momentum in either direction. A significant volume increase and a breakout above $2.38 could shift sentiment to bullish.
Overall, SUI is consolidating between $2.20 (support) and $2.38 (resistance). Traders should watch for a breakout to determine the next directional move.
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