Based on the chart for SUI/USD on a 1-hour timeframe, here’s a quick analysis:
Price Action: SUI is currently at 2.0967, down 2.69%. It’s testing a descending trendline resistance around 2.10–2.15, which has acted as a ceiling recently.
Indicators: The RSI (bottom) is around 60, nearing overbought territory (70+), suggesting potential for a pullback if it climbs higher. The MACD-like indicator shows mixed signals with some buying pressure but no strong momentum.
Support/Resistance: The price is above the 2.00 support level but struggling at the trendline resistance. A break above 2.15 could signal a "go long" opportunity, targeting 2.30 (next resistance). If it fails to break, it might drop back to 2.00 or lower.
