$SUI Overall Analysis

Recently, the price has been fluctuating around MA(60), showing a significant sideways oscillation trend, and the price is currently maintaining near the middle band of the Bollinger Bands. Combined with analysis from other indicators, although there is upward momentum in the market, it may recently enter a consolidation phase.

In the short term, although the market shows signs of rising, it is constrained by the current noticeable oscillation and consolidation, with the possibility of weakening upward momentum. Especially affected by the resistance of the upper band of the Bollinger Bands, if the resistance point is not broken in the short term, it may continue to oscillate within this range.

Currently, there is no clear breakout signal, and it is advisable to remain on the sidelines, paying attention to price movements near the key resistance level of 3.8700 and the support level of 3.2137. Once the upper band of the Bollinger Bands is broken and stabilized, moderate entry may be considered; otherwise, it is necessary to guard against possible pullback risks. Adhering to a stop-loss strategy to control risk is essential, especially do not excessively chase highs before the market direction becomes clear.

Both short-term and long-term moving averages show an upward trend, indicating the market leans towards bullishness, and the long-term trend supports further price increases.

Buy Point: 3.32 USDT (close to the MA(60) support level, and near the middle line, may form a rebound)

Long Position Stop-Loss Point: 3.213 USDT (breaking below the Bollinger Bands lower support, potential trend reversal)

Sell Point: 3.508 USDT (close to the Bollinger Bands upper resistance level, may experience a pullback)

Short Position Stop-Loss Point: 3.65 USDT (if the high point of 3.6516 is broken, the upward trend may continue) $SUI