SUI/USDT is showing some consolidation after a volatile period. Currently trading at $2.11, the pair is up a slight 0.03%, suggesting a pause in momentum. The 12-hour chart reveals a recent high at $2.55 followed by a sharp correction down to $1.71 before recovering. Price action now seems to be finding support around $2.04, with resistance near the $2.22-$2.25 range.
The MACD is relatively flat, indicating a lack of strong momentum, and the histogram shows minimal divergence, signaling a neutral trend. Volume has also tapered off, which could suggest indecision among traders. The moving averages — MA(5) and MA(10) — are relatively close, further reinforcing the consolidation narrative.
Traders may want to wait for a clear breakout above $2.22 for a bullish confirmation or a breakdown below $2.04 for bearish continuation. For now, SUI looks to be in a holding pattern as the market decides its next move.
