SUI/USDT — Market Update (4H Timeframe)
Current Price: 3.4432 USDT (+7.07% in 24h)
Technical Overview:
• The price is holding above MA(7): 3.3143 and MA(25): 3.4021, indicating a short-term recovery.
• The 3.1721 level acted as strong support, triggering a bounce.
• Key resistance levels:
• 3.4751 — 24h high
• 3.5658 — previous seller zone
• Further targets: 3.87 and 3.95–4.00 USDT
• Support zones:
• 3.40 (MA25)
• 3.17
• Deeper support at 2.78–2.84 USDT
Indicators:
• MACD has turned positive (+0.0153), signaling the potential start of an upward move.
• RSI(6): 76.7 — overbought territory, suggesting a short-term pullback or consolidation might follow.
• Trading volume has increased, confirming buyer interest.
Conclusion:
SUI shows a strong bounce from support and signs of a trend recovery. If 3.4751 breaks, a move toward 3.87–3.95 USDT is likely. However, RSI indicates short-term overheating — a brief pullback before further upside is possible.