Sui Network (SUI) chart analysis on TradingView:
Time frame: 1 month
Chart type: Japanese candlestick chart
Indicator:
MACD (12, 26, 9)
RSI (14)
Stochastic RSI (14, 3, 3)
Analysis:
Trend:
Short-term trend: Up
Long-term trend: Not clear yet
Support level:
$1.50
$1.40
$1.30
Resistance level:
$1.60
$1.70
$1.80
Technical analysis:
MACD: The MACD line crosses above the signal line, indicating a buy signal.
RSI: RSI is in the neutral zone, showing that the market is in balance.
Stochastic RSI: Stochastic RSI is in the oversold zone, showing that the market may be about to increase in price.
Conclude:
The SUI chart is showing a short-term buy signal.
SUI price could fluctuate between $1.50 - $2.00 over the next month.
There is a high possibility that SUI price will increase if the general market goes up.
However, investors need to note high risks due to new projects and low liquidity.
Note:
This analysis is for reference only, not investment advice.
You should do your own research and make your own investment decisions.
Besides:
Join the Sui Network community to exchange information and learn from others' experiences.#SuiNetwork #sui $SUI