Current Technical Analysis of SUI
General Trend: Technical indicators point to a strong upward trend, with 92.86% of moving average signals showing bullish signals, supporting the currency's positive momentum.
• 🔹 Current Price: $3.82 (+6.1% in 24 hours)
• 🔹 Moving Averages:
◦ MA50 ≈ $3.60
◦ MA200 ≈ $3.30
◦ Bullish Signal: MA50 is above MA200, supporting positive momentum
•
• 🔹 Trading Volume: Up ~20% today, confirming the strength of the upside movement
• 🔹 Relative Strength Index (RSI): 75.7 → In the overbought zone, a short-term correction may be possible
• 🔹 Support Levels: $3.46, $3.35, $3.26
• 🔹 Resistance Levels: $3.86, $4.20, $4.50
• 🔹 Important External Factor: The launch of ~120 million new tokens on May 1 2025: Supply could increase, putting pressure on the price.
#Sui #TradingCommunity #تحليل_فني
Follow these points to make informed trading decisions!
