I also like $SUI so I'm analyzing it for anyone in need.
😎 Personally: The bad news is that the chart looks terrible 😅 a Death Cross appeared when MA50 crossed down MA200 😖 I haven't seen a bottom in MACD 😅 but RSI is in the oversold region so there might be a technical rebound 👌Short-term, I advise you to reduce your positions 💥
🤖 AI Agent:
✅ Main trend: Down
✅ Technical signals: Clearly leaning towards the sell side
✅ Near support level: ~2.0 – 2.1 USDT
✅ Near resistance level: 3.0 – 3.4 USDT (MA20, MA50 region)
💥 Suggested strategy
- Holding: Consider reducing positions or exiting if the price rebounds to the resistance zone of 3.0 – 3.4.
- Looking to buy: You can wait to catch a technical bottom around the 2.0 zone, if a reversal candle pattern appears (pin bar, bullish engulfing) + RSI < 30.
- Looking to short: Wait for the price to rebound to the MA20 zone (~3.0), if there are reversal signals, you can short following the downtrend.
Conclusion: Currently not very promising, think carefully and then act 👊
