[Signal] SUI/USDT – 4H Chart Analysis – May 19, 2025
Current Price: 3.8310 USDT
24H Range: 3.6888 – 4.0051 USDT
Volume (USDT): 289.75M
Timeframe: 4H
Technical Highlights:
Support Zone: 3.6358 – 3.7239 (marked by the blue dashed line)
Resistance Zone: 3.9473 – 4.0591 (marked by the green dashed line)
Parabolic SAR: Currently above price, indicating short-term bearish pressure.
MACD: Bullish crossover seen with MACD line above signal line.
RSI (6): Neutral at 49.18 – no overbought/oversold signal.
Stochastic (K/D): Hovering in mid-zone with a slight downward curve; may hint at short-term consolidation.
Price Action Insight: SUI/USDT bounced off key support at 3.6358 and surged toward resistance near 3.95, but faced rejection. Currently retracing slightly while still holding higher lows—indicating potential accumulation.
Trade Setup:
Long Entry: On confirmed breakout above 3.95 with volume.
Stop Loss: Below 3.72 support zone.
Target 1: 4.17
Target 2: 4.35 (if breakout holds with strength)
Sentiment: Cautiously Bullish – Wait for breakout confirmation.
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