My analysis of the chart confirms that SUI is showing strong bullish momentum in the short term. Some points worth highlighting:
1. 24-hour high: The price rose +7.26%, indicating market optimism.
2. Significant volume: With over 104 million SUI traded in 24 hours, this reflects high liquidity and investor interest.
3. Technical indicators:
• The moving averages (MA5 and MA10) point to an uptrend.
• The RSI at 68 suggests that the asset is close to overbought, which may indicate a correction in the short term.
If you are investing or thinking about getting in, keep an eye on support (near $4.50) and volume behavior. SUI has potential, but the crypto market is volatile, so it is important to define clear entry and exit strategies.
Remember that I am not the owner of the truth and I am not telling anyone to invest in anything. this is just my own opinion