$SUI /USDT trading pair
---
Key Metrics:
1. Current Price: $4.9085, up 13.26% in the last 24 hours.
2. 24-Hour Range:
High: $4.9900
Low: $4.2436
3. Moving Averages:
MA(5): $12,269,684.3 (uptrend)
MA(10): $8,616,437.7
4. Volume:
24h Volume (SUI): 68.08M
24h Volume (USDT): 318.84M
5. Indicators:
MACD: Positive divergence; indicates bullish momentum.
RSI(6): 78.13, signaling an overbought condition.
---
Observations:
The price is in a strong uptrend, approaching the recent high of $4.9900.
The RSI at 78 suggests the asset is nearing overbought territory, increasing the probability of consolidation or a minor pullback.
Volume Spike: Significant buying volume confirms strong demand driving the price upward.
---
Key Levels:
Resistance:
$4.9900 (current 24-hour high)
$5.0422 (psychological level beyond the high)
Support:
$4.6594 (near-term support from recent lows)
$4.2766 (stronger historical level)
---
Trading Strategy:
1. For Buyers:
Wait for a retracement near $4.65–$4.70 for a safer entry.
Alternatively, confirm a breakout above $5.00 with strong volume before buying.
2. For Sellers:
Take partial profits near $4.99–$5.00 due to the overbought RSI.
Consider holding for higher levels if the price sustains above $5.0422 with good momentum.
---
