#USStablecoinBill

Technical Analysis of SUI (SUIUSDT)

1. Indicator Signals

MACD: The MACD line (0.2788) is slightly below the signal line (0.2815), with a negative histogram value (-0.0027). This indicates weakening bullish momentum and a potential shift towards bearish sentiment.

RSI: The RSI is at 47.47, which is in the neutral zone, suggesting neither overbought nor oversold conditions. However, it leans slightly towards bearish territory as it is below 50.

Moving Average: The last price (3.2643) is below the SMA_5 (3.3701) but remains above the SMA_20 (2.9876) and SMA_200 (3.2565). This indicates short-term bearish pressure but a longer-term bullish alignment.

2. Overall Trend Patterns and Future Projections

Overall Trend Patterns: The asset is in a downtrend that began on April 27, 2025, with a total price decline of -7.44%. The recent price increase, accompanied by decreasing volume, signals a potential warning of unreliable upward momentum.

Pivot Levels: The last price (3.2643) is below the Fibonacci pivot point (3.4930) and closer to the first support level (S1: 3.2179). This suggests bearish pressure, with the next support levels at S2: 3.0479 and S3: 2.7728. Resistance levels are at R1: 3.7681, R2: 3.9381, and R3: 4.2132.

Volume Analysis: The "price up with volume down" relationship is a bearish divergence, indicating weak buying interest. This aligns with the ongoing downtrend and suggests the recent price increase may not be sustainable.

Future Projections: Given the weakening momentum (as seen in MACD and volume analysis), the price is likely to test lower support levels (S1: 3.2179 or S2: 3.0479) in the short term. A break below these levels could accelerate the downtrend.