Let’s analyze the SUI/USDT
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1. Current Price and Trend
Current Price: $3.8666
Recent High: $6.00 (rejected strongly)
Recent Movement: Price is pulling back after a strong rally.
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2. Key Indicators
Bollinger Bands
Upper Band (UP): $4.1880
Middle Band (MB): $3.6166
Lower Band (DN): $3.0452
The price is above the middle band, showing bullish momentum, but it's pulling back toward the mean.
MACD (Momentum)
MACD Line > Signal Line, MACD: 0.0315
Still bullish, but momentum is slowing down.
Volume
Volume is decreasing, suggesting weakening buyer interest.
RSI (Relative Strength Index)
RSI(6): 55.66
RSI(40): 59.18
RSI(60): 58.71
RSI values are neutral to slightly bullish—not overbought or oversold.
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3. Support and Resistance Zones
Immediate Support: ~$3.61 (middle Bollinger Band)
Strong Support: ~$3.18 and $3.12
Immediate Resistance: ~$3.91
Strong Resistance: ~$6.00
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4. Strategy Suggestions
Short-Term (1-2 Days)
If price holds above $3.61, it may attempt a bounce toward $3.91.
Buy Zone: $3.61–$3.70
Target: $3.91–$4.18
Stop-Loss: Below $3.61 (e.g., $3.55)
Medium-Term (3–7 Days)
If market consolidates and holds above $3.40 support, possible continuation to retest $4.50+.
Monitor MACD closely—if it crosses bearish, take profits.
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Conclusion
The trend is pulling back after a rally. Watch for support at $3.61. If it holds, you can buy the dip with targets near $3.91 or $4.18 for a short-term trade. Use a tight stop-loss to manage risk.
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