$SUI /USDT – 1H Technical Analysis
Trend Overview:
SUI is showing a neutral-to-bullish structure on the 1H chart. After a strong bounce from support, price is trying to form higher lows, but major resistance is still capping the upside.
Key Levels:
Resistance:
$1.16 – Immediate horizontal resistance from recent local highs.
$1.20 – Stronger resistance and psychological level.
Support:
$1.10 – Current support from where SUI bounced.
$1.06 – Deeper support if $1.10 fails.
Indicators:
EMA 50 and EMA 200:
Price is currently above the 50 EMA but fighting around the 200 EMA — meaning bulls are attempting to regain control.
A clear reclaim of both EMAs would confirm bullish strength.
RSI:
RSI is around 58 — healthy and slightly bullish, not overbought yet.
MACD:
MACD is bullish with a recent crossover — showing momentum is picking up.
Chart Pattern:
Ascending Triangle forming:
Flat top around $1.16 with rising higher lows.
A breakout above $1.16 could lead to a strong move toward $1.20–$1.22.
Volume:
Volume is slightly increasing during green candles — positive sign for bulls.
A volume spike would confirm breakout attempts.
Conclusion:
Bias: Bullish as long as price holds above $1.10.
Above $1.16: Expect a push toward $1.20–$1.22.
Below $1.10: Bears could drag it down to $1.06 or lower.
