The chart shows the $SUI /USDT trading pair on a 3-day (3D) timeframe with key technical indicators and data. Here's an analysis based on the provided chart:
Key Observations:
1. Price Movement:
The current price is $5.0727, with a significant 17.15% increase in the last 3 days.
Price is near the 24h high ($5.1110), indicating strong upward momentum.
2. Volume:
The 24-hour trading volume in SUI is 80.59M and 387.45M in USDT, suggesting high market activity.
Increased volume often supports strong price trends, indicating a potential continuation of the upward move.
3. Moving Averages (MA):
The price is above all significant moving averages:
MA(7): $4.4702
MA(25): $3.5942
MA(99): $1.7956
This suggests a strong bullish trend in both short-term and long-term perspectives.
4. Volume Growth:
Significant volume growth over different periods:
7 Days: 20.17%
30 Days: 40.01%
90 Days: 189.75%
180 Days: 503.82%
1 Year: 500.32%
Sustained volume growth indicates strong market interest.
5. Price Trend and Candlestick Pattern:
The recent candlestick shows a long bullish body with minimal wicks, reflecting strong buying pressure.
Previous candles also indicate consistent higher highs and higher lows, a clear uptrend signal.
6. Momentum Indicators:
The absence of overbought signals like RSI or MACD divergence on this chart keeps the upward momentum intact.
Buyers are dominating, and there’s no immediate sign of trend reversal.
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Technical Outlook:
Support Levels:
$4.4702 (MA7)
$3.7861 (previous swing low)
Resistance Levels:
$5.1110 (24h high)
$5.32 (psychological level marked on the chart)
Bullish Scenario: If the price breaks above $5.1110 with volume, it could target $5.32 or higher.
Bearish Scenario: A rejection near $5.11 or $5.32 could lead to a pullback towards $4.47 or $3.79 for consolidation.
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Recommendation:
For Bulls: Consider entering on dips near support levels or on breakout confirmation above $5.11.
For Bears: Look for signs of weakness near resistance levels to short or exit positions.
Use stop-loss to mitigate risk, given the volatility.
