[SUI 1-hour price dynamic analysis] K-line chart performance: The recent trend shows that after the price reached a high level, there was a significant decline, forming a continuous negative line. It experienced a rapid rise before, but the subsequent K-lines showed the increasing power of sellers.
Technical indicator analysis: MACD: The average levels of DIF and DEA have begun to stabilize and have a downward trend. The MACD histogram has turned from positive to negative, which may indicate that the market will continue to adjust in the short term.
RSI: The RSI indicator has retreated from overbought territory (over 70) and is currently around 43, which is close to neutral territory but slightly weak. EMA: EMA7, EMA30 and EMA120 were originally in a bullish arrangement, but EMA7 has started to move downwards and the price fell below EMA7, which indicates that the short-term trend has weakened.
Trading volume: After the sharp rise on September 22, trading volume increased significantly, but then fell back, showing that market sentiment became more cautious. Volume has been relatively low in recent hours, reflecting an increased wait-and-see attitude among market participants. The price action in the last hour showed a downward trend.
