#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $SUI /USDT

1. Price and Trend: The current price is 2.6905 USD. The chart shows a general downtrend after a local high near 2.9286. The latest candles indicate a further decline, which may indicate a continued bearish sentiment in the short term.

2. Moving Averages (MA):

• MA(5): 2.5998 (short-term average)

• MA(10): 2.8580 (medium-term average)

• The price has fallen below both MAs, which confirms the weakness of buyers and a possible continuation of the decline.

3. Bollinger Bands (20, 2): The price is approaching the lower boundary of the Bollinger Bands (2.6556), which may indicate oversold conditions. However, a break of the lower boundary may signal a further decline.

4. MACD:

• DIF: -0.0272

• DEA: -0.0204

• MACD: -0.0068

• MACD remains in the negative zone, and the difference between DIF and DEA is decreasing, which may be a prelude to a reversal, but does not yet confirm it.

5. Stochastic RSI:

• STOCHRSI: 2.2905

• MASTOCHRSI: 2.7052

• Both indicators are at a very low level, indicating strong oversold conditions. This may signal a possible rebound if the reversal is confirmed.

6. Volumes (O.I.): Trading volumes (O.I.: 78.7M, NV: 21.2M) are showing activity, but have recently decreased, which may indicate a loss of interest from traders in the asset.

⚠️Conclusion:

Currently, market conditions look bearish with signs of oversold. A rebound to the resistance level (e.g. 2.7668 or MA(10) at 2.8580) is possible in the near term if the Stochastic RSI gives a reversal signal. However, if the price breaks the lower boundary of the Bollinger Bands (2.6556), this may lead to a further decline to 2.6355 or below. It is recommended to monitor the volumes and confirmation of the reversal from technical indicators.