Technical Analysis — SUI/USDT (Spot Focus)
Timeframe: 1D (Daily)
Objective: Identify potential bottom for accumulation in the spot
Current Scenario:
Current price: 3.8827 USDT
Recent high: 4.2989 USDT
MA(7): 3.8583 | MA(25): 3.6994 | MA(99): 2.8680
RSI(6): 54.38 — Neutral zone, no overbought or oversold conditions.
STOCH RSI: 10.87 — Still oversold, could indicate a nearby bottom.
Volume: Moderate, with no significant recent influxes.
The price of SUI corrected after the high and now seems to be trying to stabilize near the MA(25), with the 7-period average still pressuring the price. The RSI and STOCH RSI indicate that there is still room for consolidation or more decline before a possible reversal.
Area of Interest for Spot Purchase:
Potential Support Region: 3.45 to 3.60 USDT
Coincides with the base of the last consolidation and is close to the moving averages.
Long-Term Target (not a trade): Gradual return to the 4.00+ region
The idea here is to patiently monitor the price action in this range and look for reversal signals (e.g., strong candle, volume increase, STOCH RSI crossing upward) before entering the spot.
Disclaimer :
This content is for educational purposes only and does not constitute a recommendation to buy or sell. Cryptocurrencies are volatile assets. Always do your own analysis and use appropriate risk management.
