$SUI is currently displaying bearish trends across all timeframes.
With the Relative Strength Index (RSI) is at 36.40 on
$SUI short-term chart, indicating oversold conditions, while the Moving Average Convergence Divergence (MACD) is negative at -0.0067. The Bollinger Bands are contracting, with the price nearing the lower band at $0.7905.
For potential spot trading, traders may consider entering cautiously if the price bounces off the $0.7920, with an exit near the middle band at $0.8100 and a stop-loss below the lower band at $0.7880.
$SUI hourly chart has the RSI is at 39.85, still indicating bearish sentiment, while the MACD is negative at -0.0001. The price is approaching the lower Bollinger Band at $0.7918, suggesting a possible oversold condition. Traders looking at futures trading might consider short positions if the price breaks below the lower band, with an exit near $0.7850 and a stop-loss at $0.8130
In the daily chart, the RSI stands at 45.96, showing a bearish sentiment, while the MACD is negative at -0.0109. The price is below the 10-day and 20-day Simple Moving Averages, indicating a bearish long-term outlook.
Traders considering spot trading may wait for a potential reversal confirmation before entering a long position, with resistance at the 20-day EMA of $0.8295 and support at the recent low of $0.7864.
**Note: All indicator readings are as per the time of this analysis. Exercise caution and do thorough research before making trading decisions.
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