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Majid Ebrahimi
@Kinglash_M
No risk No Ferrari
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$SUI According to the chart, the current price of SUI is in the range of $1.98 and is fluctuating in a short time frame. For a more detailed analysis, you can pay attention to some indicators:
1. **Moving Averages**: In the picture, we see short-term, medium-term and long-term moving averages (MA). If the short-term average (for example, MA(7)) is above the medium-term and long-term averages, it can indicate an uptrend; But if it is below them, it may be a sign of a price drop.
2. **Trading Volume**: If the trading volume increases, the existing trend may be strengthened. The 24-hour volume (SUI and USD) is shown in the image above, which can confirm price changes if it increases.
3. **Support and resistance levels**: There is a strong support level around $1.85 and a resistance level around $2.1. If the price stabilizes above $2.1, the uptrend is more likely to continue, and if it falls below $1.85, the downtrend may strengthen.
It is suggested to use more detailed technical analysis and check market news changes to make better decisions.
1. **Moving Averages**: In the picture, we see short-term, medium-term and long-term moving averages (MA). If the short-term average (for example, MA(7)) is above the medium-term and long-term averages, it can indicate an uptrend; But if it is below them, it may be a sign of a price drop.
2. **Trading Volume**: If the trading volume increases, the existing trend may be strengthened. The 24-hour volume (SUI and USD) is shown in the image above, which can confirm price changes if it increases.
3. **Support and resistance levels**: There is a strong support level around $1.85 and a resistance level around $2.1. If the price stabilizes above $2.1, the uptrend is more likely to continue, and if it falls below $1.85, the downtrend may strengthen.
It is suggested to use more detailed technical analysis and check market news changes to make better decisions.