Here's a technical analysis of the $SUI/USDT perpetual 5-minute chart:

#sui

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Current Overview

Last Price: 3.7690 USDT

24h Change: ▼ -2.10%

24h High / Low: 4.017 / 3.652

Fair Price: 3.7682

Volume: 560.281M SUI | 2.128B USDT

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Technical Indicators

Moving Averages (MA):

MA5: 3.7783

MA10: 3.7810

MA30: 3.7842

MA60: 3.7765

➡️ Shorter-term MAs (5, 10, 30) are all above current price, indicating slight short-term bearish pressure.

RSI (Relative Strength Index):

RSI6: 29.38 (Oversold)

RSI12: 40.25 (Neutral to slightly bearish)

RSI24: 46.25 (Neutral)

➡️ RSI6 is below 30, which suggests short-term oversold conditions and a possible bounce or reversal soon.

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Chart Pattern Observations

Price Action: The price recently dropped from a local high of 3.8318 to 3.7369, and is now struggling to hold above 3.7690.

Support Levels:

3.7369 (Recent low)

3.7500 (Psychological round level)

Resistance Levels:

3.7842 (MA30)

3.8318 (Recent top)

Volume: Stable but not surging, indicating lack of strong momentum in either direction currently.

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Conclusion & Next Move

The chart is short-term bearish, but oversold RSI and a recent bounce from 3.7369 could mean a possible minor recovery.

If 3.7500 holds as support, expect a possible test of 3.7840–3.7900.

If it breaks below 3.7369, price may head toward the 3.7000–3.6500 zone again.

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✅ Bullish Signals:

RSI near oversold

Support at 3.7369 held recently

❌ Bearish Signals:

Price below short-term MAs

Lower highs forming

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L$et me know if you'd like a trade setup (entry, SL, TP) or analysis on a higher time frame (15m, 1h, etc).