$SUI signals bullish momentum - soon above $1🚀🚀
$SUI on the short-term chart shows a slight bearish tilt with the RSI at 45.3 indicating a neutral stance, while the MACD at -0.0049 suggests a weak bearish momentum. The price is hovering near the lower Bollinger Band at $0.9204, hinting at potential oversold conditions, but the Stochastic Oscillator at 28.2 supports this oversold view.
A long entry could be considered around $0.9345, targeting the mid-Bollinger Band at $0.9429 with a stop-loss at $0.9300 to manage risk. Conversely, a short position might be viable if price breaks below $0.9345, aiming for $0.9300 with a stop-loss at $0.9380.
On the hourly chart,
$SUI shows a more bullish outlook with the RSI at 56 and the MACD showing a slight negative divergence at -0.0035. The price is above the EMA 20 at $0.9276, suggesting support, and the OBV increase indicates buying interest.
A long position could be initiated above $0.9360, targeting $0.9440 with a stop-loss at $0.9300. For a bearish scenario, a breakdown below $0.9241 could open a short opportunity towards $0.9200, with a stop-loss at $0.9280.
On the daily chart, SUI is showing strong bullish momentum with the RSI at 59.48 and a positive MACD at 0.0061. The price is well above the EMA 20 at $0.8460, and the SAR at $0.7415 supports an upward trend.
A long trade could be considered on a confirmed breakout above $0.9440, targeting $0.9865 with a stop-loss at $0.9300. However, if price fails to hold above $0.9360, a short trade could aim for $0.9000 with a stop-loss at $0.9450.
**Note: All indicator readings are as per the publish time of this analysis. Exercise caution and do thorough research before making trading decisions.
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