$SUI

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Current Price: $3.2929

Slight increase of +0.12%

Chart Indicators Breakdown:

1. Trend Analysis:

Recent Low: $3.1548

The price has recently bounced from a support zone around $3.15 and is trying to recover.

It’s facing resistance near $3.30–$3.32 zone, as shown by recent price rejection wicks.

2. Moving Averages (EMA):

EMA(7): 3.2860 (Price is slightly above this short-term EMA, showing a potential reversal.)

EMA(21): 3.2690

EMA(50): 3.3584 (This could act as a strong resistance if price continues upward.)

If the price breaks and closes above EMA50, it might confirm an uptrend.

3. Volume:

Volume has been relatively stable, with green bars slightly increasing — this suggests buyers are slowly gaining strength.

4. MACD (Momentum):

MACD histogram is reducing in red intensity and about to cross zero, suggesting bearish momentum is weakening.

A bullish crossover is possible soon — keep an eye on it.

5. RSI (Relative Strength Index):

RSI(6): 44.02 (near oversold, but recovering)

RSI(40): 51.56

RSI(60): 53.91

RSI shows slight bullish divergence — indicating potential upward momentum building.

Actionable Strategy:

Bullish Scenario (if price breaks above $3.32):

Entry: Above $3.32

Target 1: $3.50

Target 2: $3.66

Stop-loss: Below $3.20

Bearish Scenario (if rejected at $3.32 or breaks below $3.15):

Entry: Below $3.15

Target 1: $3.00

Stop-loss: Above $3.32

Summary:

Right now, SUI is in a potential recovery phase after hitting a support. It’s testing short-term resistance. If it breaks above the $3.30–$3.32 zone with strong volume, you could consider a short-term buy trade. However, watch for a pullback if resistance holds.

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