$SUI
Technical Analysis of SUI/USDT – Has the Spark of the Rise Started?
Current Price: 3.79
Daily Increase Percentage: +12.62%
Price Range in 24 Hours: from 3.23 to 3.82
Analytical Overview:
A strong rebound from a low of 1.71 to a high of 3.87 in a short period.
The price is currently above the short and medium-term moving averages EMA7 (3.46) and EMA25 (3.11) and EMA99 (2.92), reflecting a strong upward trend.
RSI at 77.5: Indicates entering the overbought zone, which may be followed by a slight correction before continuing the rise.
Trading volumes are very active with long bullish candles, strongly supporting the upward momentum.
Proposed Strategy: "Riding the Second Wave"
Conditional Entry: If 3.87 is broken with a strong 1-hour or 4-hour candle.
First Target: 4.20
Second Target (if momentum continues): 4.50
Stop Loss: Closing below 3.50 with a confirmation candle.
Important Note
The currency is moving with high momentum, but the RSI is high, so it is preferable to enter after confirming the breakout or waiting for a slight correction to re-enter safely.
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