Sui (SUI) has been in the spotlight with its fluctuating price action. Over the past week, the price has dropped by 3.08%. However, looking at the bigger picture, there has been a notable increase of 65.69% in the past month and an impressive 212.28% in the past six months. SUI is currently trading between $3.08 and $3.77, highlighting its volatility and active market interest.
Technical indicators present a mixed outlook. The Relative Strength Index (RSI) is at 44.32, suggesting that the SUI is neither overbought nor oversold. The Stochastic value is at 25.30, approaching the oversold zone, which could indicate an upward correction. The MACD level is slightly negative at -0.0526, pointing to mild bearish momentum. The 10-day Simple Moving Average is at $3.26, slightly below the 100-day average of $3.43, signaling caution among traders.
The key price levels to watch are the closest resistance at $4.05 and the support at $2.69. A move above the resistance could see SUI test the second resistance at $4.73, offering substantial gains. On the downside, a drop below the support could lead to a drop to the second support at $2.01. With significant growth in the past few months, traders are closely watching these levels to determine SUI’s next direction.#BecomeCreator
