SUI/USDT has recently experienced a rebound after a decline. At this moment, the price is hovering around 3.4008, with an intraday increase of +2.37%. This change has attracted the attention of many investors.
1. K-line and trading volume analysis
1. Rebound trajectory
When the price fell to around 3.20, it received support and then started this rebound. It is now gradually approaching the short-term resistance level of 3.40. This means that when the price fell to 3.20, there was enough buying power to push the price up, but when it approached 3.40, it might encounter resistance from previous locked-in orders or shorts.
(II) Trading volume dynamics
During the rebound, the trading volume gradually increased, which clearly showed that the market's buying enthusiasm was rising. However, the upward pressure should not be underestimated, because as the price rises, more profit-taking and unwinding orders may emerge, hindering further price increases.
2. MACD indicator insights
1. Golden Cross Below Zero Axis
The fast line and the slow line have just formed a golden cross below the MACD zero axis, which is a positive signal, meaning that the price has a source of power to continue to rebound upward in the short term. It is like injecting a shot of adrenaline into the market, prompting prices to maintain an upward trend in the short term.
2. The red kinetic energy column appears
The red momentum column begins to appear, indicating that market sentiment is gradually shifting towards a positive and optimistic direction. Investors are full of expectations for the future trend of SUI/USDT, and more funds are willing to flow into the market, pushing prices further up.
3. RSI indicator analysis
The RSI value is currently 50.88, which is in the neutral range. This shows that the current market's long and short forces are in a relatively balanced state, and no one party has an absolute advantage. However, since there is still a certain distance from the overbought range, the price still has potential to continue to rebound, and has not yet reached the stage of overheating.
IV. Market trend forecast and probability analysis
1. Oscillating Consolidation
There is a 50% chance that the price will fluctuate and consolidate in the range of 3.20 - 3.50. Because the current market forces are relatively balanced, and the upper resistance and lower support are relatively obvious, in the absence of major news stimulation, the price may fluctuate in this range, digesting the previous profit-taking and locked-in orders, and waiting for new market forces to break the balance.
2. Continued rebound
There is a 30% probability that if the trading volume continues to increase, the price is expected to break through 3.50. If more funds flow into the market in the future and the trading volume continues to increase, then the strong buying power will likely push the price to break through the resistance level of 3.50, further open up the upside and move towards a higher target.
(III) Callback again
There is a 20% chance that if the resistance is not successfully broken, the price will fall back to 3.20 or even lower. Once it encounters strong short-term resistance near 3.40 and the trading volume cannot continue to support the price increase, the price may pull back and find support again to accumulate strength to launch another upward attack.
5. Short-term operation suggestions
At present, it is suitable to go long lightly. When the price stands firmly at 3.30, you can enter the market. The target price can be seen at 3.50, and the stop loss is set below 3.20. This operation strategy can seize the opportunity of price rebound under the premise of controlling risks.
If the price successfully breaks through 3.50, you can consider adding more longs appropriately. At this time, the target can be adjusted to 3.75 to further expand the profit space, but you should also pay close attention to market changes and adjust the stop loss and take profit positions at any time to deal with possible risks.
