Date: May 24, 2025
Current price: 3.64 USDT
Yesterday's review: SUI dropped sharply to 3.60 after breaking the 3.70 support yesterday, stabilizing after the drop, a typical 'washout-style decline', setting the stage for today's rebound.
1. Daily analysis: Strong support oscillation + triple moving averages providing support, rebound critical point.
Support confirmation: The daily chart has shown two consecutive days of elongated lower shadows, with clear bottom buying support. The strong support at 3.60 cannot be ignored.
Moving average structure: The current price just retested EMA100 (approximately 3.64), with EMA200 (3.28) below as long-term bottom support.
Bollinger Bands analysis: BOLL middle band pressure (approximately 3.98), lower band support (approximately 3.28), price operating between the lower bands, with rebound space.
MACD dual lines have pulled back to near the zero axis, but the red bars are shrinking, indicating exhaustion of bearish momentum.
RSI indicator: Currently at 32, approaching the oversold threshold, with momentum for stabilization and rebound.
Conclusion: The daily chart has entered a phase of oscillation at the bottom, with strong support areas and bearish pressure released. The next wave of rebound is about to brew.
⏱ 2. 4-hour analysis: End of decline + low volume contraction, clear trend reversal structure.
K-line structure: Three consecutive small bearish candles in the afternoon yesterday indicate a slowing decline, with a bullish candle appearing at the end of the trading session.
Moving average angle: The price is close to EMA200 (3.64), forming support. EMA7 and EMA14 are gradually flattening, digesting short-term bearish momentum.
Bollinger Bands observation: Currently operating close to the lower Bollinger Band, ready to have the 'contraction rebound' momentum conditions.
MACD green bars begin to shrink, expected to welcome a golden cross.
Trading volume: Volume has significantly decreased, with no follow-up selling, a typical 'actively reduced volume stopping the decline'.
Conclusion: The 4-hour chart is in the final stage of decline, with clear signs of bottoming. If it rises back above 3.70, it will enter a rebound cycle.
3. 1-hour analysis: W-bottom prototype is emerging, good opportunity for short-term layout.
Price action: The hourly chart shows a double test of the 3.60 support forming a 'W-bottom structure', currently undergoing a right-side rebound.
EMA system: The price attempts to rise above EMA7, with short-term trend reversal signals gradually emerging.
MACD observation: A low-level golden cross is forming, with red bars slowly increasing.
Bollinger Bands: The bands are narrowing, indicating upcoming volatility.
RSI breaks above 50, with upward momentum recovering.
Conclusion: The hourly chart provides a precise opportunity for positioning, with a W-bottom structure combined with rebound indicators, currently in the early phase of right-side initiation.
4. SUI operational strategy suggestions (live point + risk control deployment)
Opening position: 3.64
First target: 3.70
Second target: 3.75
Stop loss position: 3.58
