$BTC $ETH $BNB I see you’ve shared the SUI/USDT daily chart from Binance.
Here’s a breakdown of what’s going on based on the chart patterns, moving averages, and recent candles:
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1. Current Price & Movement
Price is $3.6639, down -6.86% today.
Recently rejected near $3.94 (yesterday’s high) and fell towards today’s low of $3.62.
This drop came after a short rally from around $3.44 to nearly $3.94.
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2. Moving Average Signals
MA(7) (yellow, short-term) is 3.7453, slightly above the current price → short-term bearish.
MA(25) (pink, mid-term) is 3.7647, also above the current price → indicates possible resistance around this zone.
MA(99) (purple, long-term) is 3.4395, still below price → long-term trend is intact as bullish, but momentum has weakened.
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3. Trend Observations
Short-term: Bearish, since price is below MA(7) and MA(25).
Mid-term: Recently faced rejection around $3.80–$3.94, showing resistance there.
Long-term: Still in an uptrend compared to early July lows (~$2.80), but losing steam.
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4. Support & Resistance Levels
Support zones: $3.62 (today’s low) → if broken, next support is around $3.44.
Resistance zones: $3.76–$3.80 (MA cluster) and $3.94 (recent high).
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5. Outliers & Patterns
The candle on July 21–23 shows a strong rally followed by heavy rejection (big wick) at $4.44 → this is an outlier spike that indicates heavy selling pressure above $4.40.
Volume spikes around early August indicate strong buying, but recent candles show declining volume on the pullback — this could mean selling is losing momentum.
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⚠ Key Insight:
If $3.62 holds as support, we might see a bounce back toward $3.80.
If it breaks, a drop toward $3.44 is likely.