🧵 SUI/USDT Technical Analysis – May 20, 2025
Current Market Snapshot
🔹 Price: $3.85
🔹 24h High/Low: $3.92 / $3.61
🔹 Market Cap: $12.9B
🔹 24h Volume: $1.38B
🔹 Circulating Supply: 3.34B SUI
🔹 Rank: 11
Moving Averages (MA)
📉 Short-Term:
5-Day MA: $3.84
10-Day MA: $3.91 Price is slightly below short-term MAs, indicating potential short-term bearishness.
📈 Medium to Long-Term:
20-Day MA: $3.68
50-Day MA: $2.93
100-Day MA: $2.86
200-Day MA: $3.38 Price remains above medium to long-term MAs, suggesting a bullish trend.
Relative Strength Index (RSI) 📊 RSI (14-day): 59.31 An RSI between 50 and 70 indicates strengthening momentum without being overbought.
MACD (Moving Average Convergence Divergence) 📈 MACD Value: 0.26 A positive MACD suggests upward momentum, supporting a bullish outlook.
Average Directional Index (ADX) 📈 ADX Value: 34.34 An ADX above 25 indicates a strong trend thus, the current trend is strong.
Pivot Points
🔹 Support Levels:
S1: $3.70
S2: $3.61
S3: $3.48
🔹 Resistance Levels:
R1: $3.91
R2: $4.04
R3: $4.12
Price is approaching R1 a breakout could signal further gains, while a drop below S1 might indicate a decline.
✅ Short-Term: Slightly bearish
✅ Medium to Long-Term: Bullish
✅ Momentum: Neutral to bullish
✅ Trend Strength: Strong
Always consider using stop-loss orders to manage risk and protect against unexpected market movements.
DYOR
