$SUI
The price is above the 7-day, 25-day, and 99-day moving averages, suggesting a short-term bullish momentum despite the small decline of 1.93% in the last 24 hours.
Volatility:
Amplitude: 0.67% (High: $4.4153, Low: $4.3859 during the specific timeframe).The moderate fluctuation shows some price stability.
Volume Analysis:
High trading volume ($188.72M USDT) reflects strong interest in the token, likely due to its popularity in Layer 1/Layer 2 and Launchpool applications.
Order Book Depth:
Large buy orders between $4.3885 - $4.3890 indicate strong support.Resistance is seen at $4.4153 (24h high).
Support and Resistance Levels:
Immediate Support:
$4.3850 (visible in the order book).$4.3326 (MA(7)).
Resistance Levels:
$4.4153 (24h High).A break above this could push the price to $4.4500 or higher.
Short-Term Traders:
Look for price action around the $4.3850 level for potential rebounds.A break above $4.4153 may signal bullish momentum.
Medium to Long-Term Holders:
The current price being above the key moving averages indicates overall upward momentum.Consider accumulating if the price tests the $4.25-$4.33 range for stronger support.
Volume as an Indicator:
Sustained high volume supports the current price level, which is a good sign for stability.
Final Notes:
Market Sentiment: While the token has declined slightly in the last 24 hours, it remains in a generally bullish trend.Risks: If the price falls below $4.33, it could test lower levels near $4.25 or even $4.15.Upside Potential: Breaking $4.4153 could lead to higher highs in the near term