#SUI🔥

#BinanceMegadropSolv

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.

6. Key Levels 🚀

•Resistance: $5.36, $5.50.

•Support: $5.16, $4.98.

Sentiment 🌟

Bullish trend with room for growth, supported by strong buying volume. Watch for pullbacks as opportunities.