#CryptoTrading.

📊Technical Analysis (1 hour) $SUI /USDT

1. Price and Trend:

• The current price is 3.4911 USD with an increase of +2.41%. The chart shows a recent recovery after falling from a high of 5.3699 to a level around 2.0669. The price is currently within the ascending channel, but is still far from the upper Bollinger band (4.4971).

2. Moving Averages (MA):

• MA(5): 1.714409714.5 and MA(10): 1.612815355.6 on the volume chart indicate increasing activity, which supports the current movement. The price chart shows that the price is crossing the moving average (purple line), which may signal a trend change in favor of the bulls.

3. Volume:

• Volume is 601,805,338.2 units, indicating significant activity. The increase in volume during the price rise (last candles) confirms the strength of the current movement.

4. Technical indicators:

• Bollinger Bands (20, 2): The price is approaching the midline (MB: 3.1742), but has not yet reached the upper limit, indicating the potential for further growth.

• MACD: DIF (0.1808) is above DEA (0.1371), and MACD (0.0438) is positive, indicating bullish momentum.

• Stochastic RSI: The value of 38.1491 (MA: 38.5781) indicates a neutral zone, without clear signals of overbought or oversold.

⚠️Conclusion: The current trend looks bullish with signs of recovery. It is recommended to watch for a break of 4.5006 (upper Bollinger band) to confirm further growth. Support is located near 2.0669. It is recommended to use a stop loss below this level to manage risks.