The $SUI /USDT pair is showing strong upward momentum on the Binance exchange, currently trading at 3.7076 USDT (Rs 1,051.36), reflecting an 8.81% gain in the last 24 hours. The price action has been relatively bullish, with the token reaching a 24-hour high of 3.7386 USDT, while maintaining solid support above 3.3047 USDT. This movement suggests that buyers are currently in control, especially with the trading volume showing significant activity at 68.64M SUI against 240.94M USDT, highlighting increased investor interest.
From a technical perspective, the moving averages indicate bullish alignment, as the MA(7) at 3.5226 and MA(25) at 3.4531 are both trending below the current price, suggesting short-term strength. The MA(99) at 3.5036 is also lower than the market price, reinforcing a broader positive trend. Since the chart is on the 1-hour timeframe, this reflects short-term trading optimism, though traders should also monitor higher timeframes (like 4h and 1D) to confirm whether the current rally can sustain or if a pullback toward moving average support levels may occur.
