To analyze the chart and indicators of the SUI/USDC pair:
1. Moving Average (EMA): The current price is above EMA(7), EMA(25), and EMA(99), indicating an uptrend.
2. MACD Indicator: The MACD is giving a buy signal as the DIF crosses above the DEA, suggesting bullish momentum.
3. RSI Indicator: RSI(6) is at 78.38 (overbought zone), which may lead to a correction. However, RSI(12) and RSI(24) still indicate an uptrend.
4. Stochastic RSI: This indicator also shows that the market is in the overbought zone.
Futures order suggestion:
- Open a buy order at the current price (1.86819) with a target of 1.90000 and a stop loss at 1.80000.
- Open a sell order if the price drops below 1.85000, with a target of 1.80000 and a stop loss at 1.88000.
In summary, the market is trending upwards but attention is needed for overbought signals.$SUI