technical analysis perspective, here’s a breakdown of what the chart suggests regarding whether it’s worth buying SUI/USDT now:
Pros (Bullish Momentum):
Price Action: SUI is in a strong uptrend, making higher highs and higher lows.
Moving Averages: EMA(7), EMA(25), and EMA(99) are aligned bullishly — price is above all three.
MACD: Shows positive momentum (MACD line is above the signal line).
Volume: High 24h volume (over 156M SUI), indicating strong market interest.
Cons (Overbought Conditions):
RSI Levels:
RSI(6): 87.22
RSI(12): 82.42
RSI(24): 72.13
These indicate the asset is overbought, suggesting a possible short-term pullback.
Stochastic RSI: Very high (98.25), which also supports potential for a cooldown.
Conclusion:
Short-term: Risky to enter now due to overbought signals. A pullback or consolidation is likely.
Long-term: fundamentals of SUI are strong, consider entering on dips or corrections for better risk-reward.
