#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $SUI /USDT

1. Price and Trend:

• The price is currently at around $4.0337. Recently, there has been one consolidation after falling from peak values around $4.1090. The trend looks sideways with little upside potential if the resistance at $4.0663 is broken.

2. Moving Averages (MA):

• MA(5): 8,737,526.6199 and MA(10): 11,336,353.6499 show stable trading volume, but with a downward trend, which may signal a decrease in investor interest.

3. Volumes (Volume):

• Trading volume is 56,709,500 units, which is significant, but has recently decreased, which may indicate a decrease in activity.

4. Bollinger Bands (20, 2):

• The price is moving closer to the lower limit (3.9106 USD), which may indicate a possible rebound upwards if the support holds.

5. MACD:

• MACD (0.0029) shows a weak positive signal, but the proximity to zero and the intersection of the DIF (0.0111) and DEA (0.0082) lines may indicate a possible trend change or correction.

6. Stochastic RSI:

• STOCHRSI (63.3547) and MASTOCHRSI (61.1434) are in the neutral zone, which does not give a strong signal to buy or sell, but approaching the overbought zone may warn of a correction.

7. OI (open interest):

• Open interest is increasing (recent data shows an increase), which may indicate expectations for further market movement.

⚠️Conclusion: The market is currently in a consolidation phase with potential for growth if it breaks the support level of 4.0663 USD. However, the decrease in volume and the weak MACD signal require caution. It is recommended to monitor the support at 3.9106 USD and the volumes to confirm the trend.