The Sui coin is currently trading at $3.58 with a daily trading volume of approximately $1.28 billion, reflecting relatively good liquidity for the coin and allowing for easy tracking of its movements.
Technical Indicators:
Relative Strength Index (RSI): 51.5 indicates a balanced market condition, with no overbought or oversold levels.
Moving Average Convergence Divergence (MACD) of 0.06 indicates weak momentum leaning towards the upside.
Average Directional Index (ADX) of 17.4 indicates weak current trend strength with no strong momentum.
The 50-day Simple Moving Average (SMA50) is at $3.57, providing short-term support, while the 200-day Simple Moving Average (SMA200) at $3.15 provides strong long-term support.
Support and Resistance Levels:
Main Support: $3.50, breaking it may push the price towards $3.11.
Main Resistance: $3.97, breaking it might open the way towards $4.00.
Forecasts:
In the case of an upward movement, if the price breaks the level of $3.97 with good trading volume, there will be a potential upward wave towards $4.00. In the case of a downward movement, if the price breaks the level of $3.50, it may head towards the next support at $3.11.
$SUI #sui #CryptoIn401k #BinanceSquareTalks #BinanceSquareFamily $SUI #sui #SUI🔥 $SUI
