Hello everyone, let’s analyze the recent 4-hour trend of SUI coin. In the SUI/USDT trading pair, technical indicators show rich signals. From the perspective of moving average (MA), the short-term moving average and the long-term moving average once formed a death cross, pushing the price into a downward channel. However, the price has rebounded recently and has a tendency to cross the short-term moving average. If a golden cross can be formed, it will be a strong signal of short-term bullishness.

From the analysis of Bollinger Bands (BOLL), the price has been hovering near the lower band of the Bollinger Band, indicating that the market is in an oversold state. The recent price crossing the middle band upwards means that market sentiment has warmed up and the middle band may also be converted into a subsequent support level.

In terms of the relationship between volume and price, as the price broke through the downward trend line, the trading volume increased significantly, which is in line with the ideal state of increasing both volume and price, enhancing the effectiveness of this breakthrough. Meanwhile, the relative strength index (RSI) rebounded from the oversold zone to around 50, indicating that bullish forces are gradually gaining the upper hand.

However, if it fails to break through 3.8 again, it may experience a large correction. It is recommended to enter the market after an effective breakthrough. $SUI