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$SUI - PUMP OR DUMP ?
SUI/USDT, the price reached a high of 4.9269 and is now consolidating around 4.5552 after its sharp rise.
The MACD indicates bearish divergence, as the MACD line is turning downward while the price remains stable, reflecting weakening bullish momentum.
Additionally, the declining volume supports the possibility of a near-term reversal.
If the price fails to hold 4.55 and breaks below, an intraday short trade could be considered, targeting the next support at 4.27. A stop-loss near 4.65 would help manage risk if the price regains strength.
SUI/USDT, the price reached a high of 4.9269 and is now consolidating around 4.5552 after its sharp rise.
The MACD indicates bearish divergence, as the MACD line is turning downward while the price remains stable, reflecting weakening bullish momentum.
Additionally, the declining volume supports the possibility of a near-term reversal.
If the price fails to hold 4.55 and breaks below, an intraday short trade could be considered, targeting the next support at 4.27. A stop-loss near 4.65 would help manage risk if the price regains strength.
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