The secret Wall Street dares not speak of: $SUI MACD hides the secret to a surge, whales are already positioned!
Today's SUI four-hour candlestick chart looks quite interesting. This coin opened at 2.6197 in the morning and closed at 2.6366, rising by 1.45%, which is a small bullish candle, but the fluctuation range is too narrow, with an amplitude of only 0.80%, clearly indicating that market funds are still hesitant.
Now the price is stuck at 2.6366, with a moving average resistance level of 3.0000 above. If it can't break through, it will be a dead zone. Once it breaks effectively, combined with some positive news such as project cooperation or a major market surge, it could definitely spike to above 3.2 to test the waters;
If it backs down under pressure, it is likely to pull back to the support level of 2.4 and linger for a few days. On the chart, the MACD is still showing green bars with decreasing volume, and both DIF and DEA are in negative territory, indicating that the bulls are not exerting strength, which is just a signal of energy accumulation.
The KDJ values K22.15, D19.60, J27.24 are all below 50, clearly in the oversold zone, presenting a short-term bottom-fishing opportunity, but don't get too excited, as BTC is still falling and ETH's rise is of no use; the overall atmosphere in the crypto market is relatively soft.
I personally feel that today SUI is just a choppy and lackluster market, better to watch more and act less, waiting for a significant volume signal to have a chance. For those with a strong stomach, it's an opportunity to enter long positions around 2.5 with a stop loss; if you're more cautious, just hold your coins and wait. Damn, the market is tough, but don't miss the chance to pick up bargains.
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