Sui Network (SUI) chart analysis on TradingView:

Time frame: 1 month

Chart type: Japanese candlestick chart

Indicator:

MACD (12, 26, 9)

RSI (14)

Stochastic RSI (14, 3, 3)

Analysis:

Trend:

Short-term trend: Up

Long-term trend: Not clear yet

Support level:

$1.50

$1.40

$1.30

Resistance level:

$1.60

$1.70

$1.80

Technical analysis:

MACD: The MACD line crosses above the signal line, indicating a buy signal.

RSI: RSI is in the neutral zone, showing that the market is in balance.

Stochastic RSI: Stochastic RSI is in the oversold zone, showing that the market may be about to increase in price.

Conclude:

The SUI chart is showing a short-term buy signal.

SUI price could fluctuate between $1.50 - $2.00 over the next month.

There is a high possibility that SUI price will increase if the general market goes up.

However, investors need to note high risks due to new projects and low liquidity.

Note:

This analysis is for reference only, not investment advice.

You should do your own research and make your own investment decisions.

Besides:

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