SUI
1-hour price trend of SUI: up.
【Price trend analysis】
K-line pattern:
Recent K-lines show that price fluctuations have intensified, especially between 02:00 on August 11 and 16:00 on August 12, when a large price amplitude appeared. For example, at 02:00 on August 11, the highest price reached 0.961, while the lowest price was 0.9266, indicating that buyers and sellers were active and uncertain during this period. From 07:00 on August 12 to 17:00 on August 12, the price showed a gradual upward trend, among which the long real Yang lines at 10:00 on August 12 and 16:00 on August 12 highlighted the strong buyer power.
Technical indicators:
In the MACD indicator, DIF remains above DEA, and the MACD histogram is above the zero axis, indicating that the overall market is in a bullish trend in the near future. However, the MACD value has decreased, suggesting that the bullish momentum may be weakening. In the KDJ indicator, the J value is 72.41, which is relatively high and may indicate an overbought situation. At the same time, both the K line and the D line are above 50, indicating that the current market is still bullish, but we need to be alert to the potential risk of a pullback. In the EMA indicator, EMA(7) is always above EMA(30), further confirming the current upward trend. However, as the gap between EMA(7) and EMA(30) narrows, we should pay attention to possible trend changes.
Trading volume:
When prices fluctuate sharply, trading volume also increases accordingly. For example, the trading volume at 02:00 on August 11 increased significantly compared with the previous hour, and with the price increase, it shows that buying is actively involved. The trading volume in the latest cycle (17:00 on August 12) has decreased compared with the previous hour. Although the price has risen slightly, the decrease in trading volume may mean that the upward momentum is insufficient. It is necessary to observe whether more buyers will enter the market or selling pressure will begin to increase.
