#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $SUI /USDT

1. Price and Trend:

• The current price is $3.8022. The chart shows a recent sharp decline after a local peak at $4.2524. The trend looks bearish as the price has fallen below the moving averages (MA5: $3.0651, MA10: $12.191).

• Bollinger Bands (BOLL) show a narrowing of the bands (UP: 4.0427, MB: 3.8454, DN: 3.6481), which may indicate a possible consolidation or preparation for a strong move.

2. Volume:

• Trading volume is 5.001 million, which is significant. An increase in volume during a price drop may indicate an active sell-off.

3. MACD:

• MACD: 0.0031, DIF: -0.0582, DEA: -0.0614. The MACD line is approaching the zero mark, but remains below the signal supporting a bearish (gloomy) mood. A divergence is possible.

4. Stochastic RSI (STOCHRSI):

• STOCHRSI: 21.9654, MASTOCHRSI: 17.3394. Both indicators are in the oversold zone (<20), which may signal a possible price rebound.

5. OI (Open Interest):

• OI: 93.8M, OI.NV: 358M. The growth of open interest along with the price decline may indicate the accumulation of positions before a possible reversal.

⚠️Conclusion: Currently, the SUI/USDT market is showing a downtrend with signs of oversold. A temporary rebound is possible due to low Stochastic RSI, but confirmation of the reversal will require a breakout above the moving average (MA5) with volume. It is recommended to watch the resistance level near $4.00 and support at $3.65.