SUI/USDT- May 6, 2025 Technical Analysis (4-hour chart)
Current price: $3.2644
24h high: $3.4942
24h low: $3.2300
Daily change: -4.80%
Key technical indicators:
·RSI (6): 33.33 - Approaching the low zone. Selling pressure is strong, but not oversold. ·MACD: MACD lines look weakly positive (MACD: 0.0052), but DIF and DEA are negative - this indicates uncertainty and weak buying activity in the market.
·MA(7): 3.3839, MA(25): 3.3519 MA(99): 3.2053- The current price has fallen below the short and medium term averages. It remains above the long term support MA(99). Technical situation:
Trend: Short term downtrend.
· Support levels: $3.20 and then $3.00 zone Resistance: $3.38 and $3.50
Conclusion: SUI is currently under short-term bearish pressure. The RSI indicator confirms that buyers are weak. The $3.20 support is crucial - if this level is broken, a deeper correction can be expected. Closing above $3.38 can signal a positive reversal.
Note: This analysis is based only on real chart data and is not investment advice.
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