🚀🔍 $SUI /USDT Price Analysis 🚀
Trend Reversal or Temporary Bounce? 📈
Technical analysis of the $SUI /USDT 1-hour chart 📊:
📉 Trend: Current trend is bearish with a recent bounce from the $3.1790 support level.
🛑 Resistance: Key resistance lies at $3.2258 (MA-25) and $3.3131 (recent high).
✅ Support: Strong support at $3.1790 (recent low) and $3.1706 (MA-99).
📈 Price Action: Recent bullish engulfing candle suggests short-term buying pressure.
🔄 Moving Averages: MA(7) is crossing above MA(25), signaling potential trend reversal.
📊 Volume: Rising volume on green candles indicates buying interest is increasing.
📉 RSI: RSI at 54.47 – momentum is neutral, slight bullish bias.
🎯 Target Price: If momentum sustains, target could be $3.26–$3.31 zone.
🧠 Sentiment: Neutral to bullish in the short term; confirmation needed above $3.23 for upside.