$SUI Analysis 🚀✨
Current Market Status:
Price: $2.80 USD (-7.89% in the last 24 hours)
Market Cap: $8.72 billion USD24h
Trading Volume: $2.19 billion USD
🔍 Technical Insights:
📈 Moving Averages:
SUI is trading below its 50-day and 200-day moving averages, indicating a bearish trend.
📉 RSI (Relative Strength Index):
The RSI is at 35.52, suggesting the asset is approaching oversold conditions, which could precede a potential rebound.
📊 Trading Volume:
A significant increase in trading volume reflects growing investor interest.
🎯 Key Levels:
Support: $2.65 USD
Resistance: $3.06 USD
Sui is currently experiencing downward pressure as we enter 2025. The bearish moving averages and low RSI suggest caution. Monitoring the $2.65 support and $3.06 resistance levels will be crucial for anticipating SUI's next move.