Summary of Current Situation:

  • Current Price: $5.07

  • 24h variation: +17.35%

  • 24h Max: $5.1110

  • 24h Low: $4.3110

  • Volume em 24h:

    • SUI: 81,288,901.80a Market: 0.4215%

  • Volume/Market Cap: 11.57%

Technical Indicators:

  • RSI (6): 75.75 (extremely overbought)

  • RSI (12): 66.83 (sharp uptrend)

  • RSI (24): 62.93 (Moderate Uptrend)

Offer Context:

  • Circulating Supply: 3,009,569,341 SUI

  • Maximum and Total Supply: 10,000,000,000 SUI

  • Issue Date: May 2, 2023

  • Issue Price: $0.1

  • All-Time High: $5.1110 (recently reached)

  • All-Time Low: $0.364 (October 19, 2023)

Technical Analysis

$SUI /USDT is showing strong upward movement, with a significant appreciation of +17.35% in the last 24 hours. The current price is testing new all-time highs, indicating high volatility and possible significant resistance.

The RSI indicators are all at elevated levels, with the RSI(6) reaching 75.75, indicating extreme overbought, which may suggest a short-term correction.

High trading volume and stable market dominance indicate strong interest and liquidity in the asset.

Recommendation:

Hold (Neutral/Bearish Cautious)

  • While the overall trend is still bullish, extreme overbought and testing of new highs suggest caution.

  • Possible correction in the next periods.

  • If the price consistently breaks the $5.11 mark, the bullish trend may be confirmed.

  • Otherwise, a slight correction to the support range near $4.70 may occur before further highs.

Suggestion: Monitor RSI behavior and volumes before new entries.