SUI May Trend Analysis

Candlestick Pattern: Recent prices have shown a trend of fluctuating upward, testing the 4.0 integer level multiple times and receiving support. The latest candlestick broke the previous high of 4.15, forming a new short-term high of 4.2, indicating an increase in bullish strength.

Technical Indicators:

MACD: Both DIF and DEA are above the zero line, and the MACD histogram continues to expand, indicating strong bullish momentum. RSI: RSI(14) is at 65.13, close to the overbought zone but not yet entered, showing that there is still room for market growth. EMA: Prices are stable above EMA7(4.1006) and EMA30(4.0281), with short-term moving averages in bullish arrangement, supporting price increases.

Trading Volume:

The latest candlestick trading volume has significantly increased, reaching 3,852,186, indicating active inflow of bullish funds. Recent trading volume has shown an overall expanding trend, combined with rising prices, indicating increased market participation, and the trend is expected to continue. #sui #山寨币交易