Current Price Performance $SUI
- Current Price: $3.27 - $3.28.
- 24 Hour Change: Up by 5.0%, with trading volume ranging between $867 million - $885 million.
- Daily Range: Between $3.12 - $3.29, indicating moderate volatility.
- Annual Performance: Up by 181.8% - 194.46% since June 2024, despite a monthly decline of -4.90%.
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Technical Analysis and Key Indicators
Oscillators:
- General Trend: Mixed Signals:
- Short Term (Today): "Sell" signal with neutral oscillator rating.
- Medium Term (Week/Month): Strong "Buy" signal, especially on the monthly timeframe.
- Relative Strength Index (RSI): At 62.854 (above 50), indicating bullish momentum without entering overbought territory (>70).
Moving Averages:
- Short Term: Dominance of "Strong Buy" signals, especially as the price surpasses the 50 and 100-day moving averages.
- Critical Levels:
- Immediate Support: $3.15 - $3.12 (Daily Pivot Levels).
- Strong Resistance: $3.29 - $3.37, with a weekly peak at $3.37.
Strategic Recommendations:
1. Day Traders: Entering at a break of $3.29 with a target of $3.37, and a stop-loss at $3.15.
2. Average Investors: Buying at support $3.12 - $3.15, based on monthly buy signals.
3. Risk Management: Reduce positions if the price falls below $3.12, while monitoring technology and governance news.
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Summary
SUI shows strong bullish performance today in the short term (+5%), supported by buy signals from moving averages and positive RSI momentum. However, the price faces resistance at $3.29, with a conflict in technical signals between daily "Sell" and weekly "Buy". It is recommended to focus on breaking resistance levels while monitoring trading volume and technical news that may affect momentum.
> Reminder: Analysis is not financial advice. Cryptocurrency volatility is high, so use multiple sources before making investment decisions. $USDC
