$SUI

#SUI bearish momentum 📉

Price Movement : The current price is 3.7915 USDT, with a 24-hour change of -8.97%. This indicates a significant drop in price over the last 24 hours.

24-hour High and Low : The 24-hour high is 4.1928 USDT, and the low is 3.6519 USDT. The current price is closer to the low, suggesting that the price has been under selling pressure.

Volume : The 24-hour volume is 89.24 million SUI (or 348.35 million USDT). High volume with a price drop can indicate strong selling pressure.

Chart Pattern : The chart shows a mix of green and red candles, indicating fluctuating price movements. However, the overall trend in the visible chart appears to be slightly upward in the short term (within the last few hours), but the larger trend (over the last 24 hours) is downward.

Indicators :

The Moving Averages (MA(5) and MA(10)) are close to each other, with MA(5) at 556,135.8 and MA(10) at 504,542.7. This suggests a relatively stable short-term trend, but the values are not directly comparable to the price without context of what they represent (likely volume or another metric, not directly price).

The percentage changes over different time frames are given at the bottom: Today (-2.45%), 7 Days (9.13%), 30 Days (35.05%), 90 Days (75.64%), 180 Days (-23.50%), and 1 Year (351.05%). These indicate a positive trend over the longer term (7 days, 30 days, 90 days, and 1 year) but a negative trend today and over 180 days.

Order Book : The order book shows 70.92% buy orders and 29.08% sell orders, indicating a higher proportion of buy orders compared to sell orders at the moment.

Momentum Signal Analysis :

The short-term (today) momentum is negative (-2.45%).

The longer-term momentum (7 days, 30 days, 90 days) is positive, indicating an overall upward trend in the longer term.

The recent 24-hour price drop and high volume suggest a bearish momentum in the very short term.