The SUI/USDT chart on the 15-minute timeframe shows that the price is in an upward trend with the last recorded level at $2.4531.
Key points:
• EMA (7) = 2.4344, EMA (25) = 2.4255, EMA (99) = 2.3979
The price is above all three moving averages, confirming a bullish sentiment.
• RSI (6) = 76.59, RSI (12) = 65.62, RSI (24) = 58.49
• RSI (6) is above 70, indicating local overbought conditions. A correction may be possible.
• RSI (12) and (24) remain in the neutral zone, which does not yet indicate strong overheating.
• MACD shows weak bullish momentum.
• The MACD histogram is in the green zone, but there is no divergence.
Thoughts:
1. Local overbought conditions – a small correction may occur before continuing the rise.
2. The price holds above key EMAs – a sign of market strength.
3. If it breaks $2.50, an upward momentum is possible – the closest important resistance level.
4. Support around $2.39–2.40 – if it retraces here, an entry point can be considered.
If you aim to lock in profits, you might wait for a retest of $2.49–2.50. If holding for the long term, the trend remains upward.