$SUI /USDT 4H Chart Analysis
Price: 3.8477 USDT
24H High: 4.2989 | Low: 3.8080
Volume: 124.64M SUI (503.80M USDT)
Analysis:
Strong uptrend from 2.3000 to 4.5000 (~95% gain) until May 5, backed by rising volume.
Consolidation between 4.2000–4.5000 (May 5–9) with lower volume.
Recent pullback to 3.8477 with high selling volume, indicating profit-taking.
Price nearing the 20-period SMA (~3.7000), a potential support.
Key Levels:
Support: 3.8080 (24H low), 3.7000 (SMA), 3.5000.
Resistance: 4.0000, 4.2000–4.3000.
Outlook:
Bullish trend intact, but this pullback is a key test. A bounce above 4.0000 could target 4.2000–4.3000. A break below 3.8080 and SMA may lead to a deeper correction toward 3.5000. Watch volume and SMA for clues!
