it's under 5.16, how it can be a support? 4.98 not a support, it's a psychological level, real one support at 4.4
Zizou_Crypto
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$SUI concise analysis of the SUI/USDT 4-hour chart🔎
1. Price Action 📈 •Current Price: $5.09, retracing from a $5.36 high. •Trend: Strong uptrend as the price remains above the mid-line of the Bollinger Bands and moving averages.
2. Bollinger Bands 🟣 •Range: $4.98 (lower) to $5.34 (upper). •Analysis: The price is near the upper band, signaling bullish momentum. Retracement to $5.16 (mid-line) is possible.
3. RSI & Stochastic RSI 💪 •RSI(24): 59.51 (healthy). •Stochastic RSI: Neutral, showing consolidation with a potential upward breakout.
4. MACD ⚡ •Momentum: Weak bearish divergence but leveling out. Momentum could flip bullish soon.
5. Williams %R 📉 •Value: -69.57 (approaching oversold). •Analysis: Indicates potential for an upward reversal.