The SUI coin is currently trading near the level of $3.73 after a volatile price movement between $3.63 as the lowest price and $3.88 as the highest price during the day. The market shows a mix of technical signals, reflecting a state of anticipation between buyers and sellers.
In the short term, the indicators are mixed: the Relative Strength Index (RSI) hovers around 62, indicating room for upward movement before entering the overbought zone, while the MACD shows a slight downward bias. Nevertheless, moving averages, especially on larger timeframes, still support the bullish trend.
The level of $3.00 represents a pivotal support, and breaking it may open the door for a deeper correction, while the area of $3.80 – $4.35 remains the most important current resistance. A strong daily close above it could push the price towards levels of $5.00 – $5.30.
Summary: The short term requires caution due to fluctuating signals, but the medium term leans towards the bullish scenario if the price succeeds in overcoming the main resistance.
In the end, please follow me so I can continue to share more analyses 😊
$SUI $SUI #SUI $SUI #CryptoIn401k #BinanceSquareFamily #sui #SUI🔥