$SUI



Technical Indicators

  1. Moving Average (MA 200, SMA, 9):

    • The price remains above the 200 MA at 2.639, indicating the long-term bullish structure is intact.

    • However, the recent breakdown from the mid-range suggests a retest of support may occur.

  2. RSI (14, SMA):

    • The RSI is at 37.82, moving closer to the oversold territory. This indicates weakening momentum and potential bearish pressure in the short term.

  3. MACD (12, 26, close, 9):

    • The MACD histogram is showing increasing bearish momentum, with the MACD line (-0.0378) crossing below the signal line (-0.0225).

    • This bearish crossover reinforces the likelihood of further downside in the short term.

  4. Volume (SMA, 9):

    • Volume shows a slight increase during the recent price decline, indicating growing selling pressure.

Chart Observations

  1. Support Zone:

    • The price is approaching a critical support zone near 3.000. If this level fails, the next key support is near the 200 MA at 2.639.

    • This zone coincides with historical levels of demand, which might attract buyers.

  2. Resistance Zone:

    • The breakdown from the 3.360 resistance suggests this level is now a strong overhead barrier. A recovery above this level is crucial to re-establish bullish momentum.

    • The previous upper range at 3.600 acts as a higher resistance zone.

  3. Price Pattern:

    • The chart indicates a breakdown from a rising channel. This shift suggests a short-term reversal or deeper correction is underway.

    • If the price consolidates near the current range, it may form a base for the next move.




SUI/USDT is currently testing critical support at 3.000. A failure to hold this level could lead to a deeper correction, while a recovery above 3.360 would signal renewed bullish momentum. Traders should monitor the RSI and MACD closely for signs of divergence or confirmation of trend direction.

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