$SUI
– Bullish continuation or trend reversal?
Let’s take a quick look at the current setup (1D chart):
Price: $3.78 (+2.39%)
24h Range: $3.69 – $3.86
Volume: Slightly lower, indicating reduced trading activity (watch closely) 👀
Bollinger Bands:
Bands are tightening – often a sign that a strong move is coming soon.
SUI recently got rejected from the upper band and is now hovering near the midline, possibly finding support (holding steady) ⚖️
Moving Averages (EMA):
5 EMA remains above 10 EMA
Suggests short-term bullish strength is still intact (for now) ⚡
MACD:
A mild bearish crossover is forming, showing waning momentum
This could lead to a cool-off, unless bulls step in with volume (crucial!)
Conclusion:
SUI is consolidating after a strong move. If buyers return, we may see a fresh breakout soon (potential rally setup) 🚀
Otherwise, a retest of support is likely (stay alert) ⚠️