Market Status

Current SUI Quote is 3.02. After a significant drop yesterday, it successfully held the key defense line at 2.90. There are clear signs of exhaustion in the bearish forces, and the market has entered a technical recovery phase. Bulls may be brewing a new round of upward movement, with short-term opportunities quietly emerging.

Daily Technical Analysis

Pattern: After a prior long bearish candle on the daily chart, yesterday closed with a small bullish candle with a noticeable lower shadow, signaling a preliminary bottoming out. The MACD's bearish momentum is shrinking, indicating a bottom divergence is brewing.

Moving Average: EMA7 and EMA50 are diverging downwards, but the K-line has moved far from the short-term moving average, indicating strong recovery momentum accumulation.

Bollinger Bands: Prices are oscillating near the lower band, with initial signs of the lower band turning upwards, and a convergence expectation in the Bollinger Bands.

Key Observation: Yesterday's drop to 2.90 was quickly pulled back, showing strong defense from the bulls.

4-Hour Technical Analysis

Pattern: A double bottom pattern has appeared on the 4-hour chart, with short-term lows gradually rising.

Moving Average: EMA7 is about to cross above EMA50, with the golden cross taking shape, and bullish sentiment is brewing in the short term.

Bollinger Bands: The Bollinger Bands are flattening, with prices oscillating along the middle and lower bands, showing a strong bias. Short-term testing of 3.20 resistance is expected.

Volume: Bearish volume is decreasing, while bullish volume is gently increasing at low levels, gathering momentum.

1-Hour Technical Analysis

Pattern: The short cycle has continuously recorded small bullish candles, indicating a bullish bias in the short-term structure, and the bottom divergence confirmation is complete.

Moving Average: EMA7 has crossed above EMA50, providing short-term support to the price.

Support and Resistance: Short-term support at 2.90, resistance at 3.20-3.30.

Operation Suggestion (Short-Term Long Strategy)

Entry Position: 3.02

First Target: 3.07

Second Target: 3.11

Stop Loss Position: 2.97