1. Current situation
- Price: $3.4294 (+5.06% in the last 24 hours).
- 24h range: $3.2100 (minimum) — $3.4938 (maximum).
- Volumes: High (413.07 million SUI / 1.40 billion USDT), confirming strong interest in the pair.
- RSI(6): 72.09 — overbought (risk of correction).
- MACD: Positive (0.0214), but the histogram is decreasing (DIF and DEA are negative).
2. Key levels
- Support:
- $3.3914 (nearest level).
- $3.2569 (strong support).
- Resistance:
- $3.4938 (maximum in 24h).
- $3.5603 (next level).
3. Trading scenarios
a) For buyers (Long):
- Entry: Correction to $3.39–3.25 (if RSI falls to 50–60).
- Take-profit: $3.49–3.56.
- Stop-loss: Below $3.21 (minimum in 24h).
b) For sellers (Short):
- Entry: On a pullback from $3.49–3.56 with confirmation of weakness (e.g., volume decrease).
- Take-profit: $3.39–3.25.
- Stop-loss: Above $3.56.
c) Expectation of a breakout:
- If the price stabilizes above $3.49 — an increase to $3.56 is possible.
- If it falls below $3.39 — test $3.25.
4. Risks
- High RSI: Possible correction.
- MACD: Divergence may signal a slowdown in the trend.
5. Recommendations
- Wait for confirmation of movement at key levels.
- Use small volumes due to high volatility.
- Watch the volumes: a decline during an increase — a signal for caution.
Conclusion: Today both a rise to $3.56 and a correction to $3.25 are possible. Trade at levels with clear risk management.
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