SUI Short-Term Market Analysis (Current Price: 3.37)

Market Overview:

SUI has been performing impressively recently, with prices fluctuating around 3.37 and a slight increase (about 4-6%) in the past 24 hours. The bearish signals on the candlestick chart are weakening, and the short-term moving averages are starting to rise, indicating that bullish momentum is building, but caution is needed regarding selling pressure at high levels.

Technical Quick Review:

Four-Hour Level: The price holds above 3.3, with trading volume slightly increasing; the moving averages (MA5, MA20) show a golden cross trend, favoring bulls.

One-Hour Level: The price is consolidating in the 3.35-3.4 range, with moving averages (MA5, MA10) sloping upwards; if it breaks above 3.4, the upward trend may accelerate.

Key Levels:

Support: 3.3 (recent low), secondary 3.1-3.2 (strong support).

Resistance: 3.4-3.5 (recent high), secondary 3.8.

Trend Prediction:

If it breaks above 3.4-3.5 with increased volume, it could rise to 3.8; if it drops below 3.3, it may test 3.1-3.2. Current volume supports an upward move, but a correction due to overheating should be guarded against.

Trading Suggestions:

A small position can be added if it breaks above 3.4, targeting 3.8, with a stop loss below 3.3.

If it stabilizes at 3.3 or 3.1, consider buying low, targeting 3.5.

Focus on volume and BTC (current price 94180) trends, be cautious of high jumps without volume.