On the 4H chart, it is visible that SUI has corrected after a recent rise. There are several points: 1. Resistance at $2.83 – the token rebounded from this level, indicating profit taking. 2. Support in the range of $2.62–$2.63 – if the price holds here, a new rise is possible. If it breaks down, it may go lower. 3. EMA(25) and EMA(99) – currently, the price is above the 99-day EMA ($2.4612), which is a positive signal, but the short-term EMA(25) ($2.5779) is nearby, and if it breaks down, there will be a drop. 4. RSI (55.87) – there is no overheating yet, but there is a signal for a decrease. 5. MACD – still in the positive zone, but is slowing down.
Conclusion: • If long-term – it can be held, but it's better to wait for a clearer confirmation of the bottom. • If you want to buy more – it's better to watch the price reaction around $2.62 or lower ($2.50–$2.55). • If for speculation – you can catch bounces from support, but with risks.
There is a chance that the price will drop a little more before a new upward movement.
The SUI/USDT chart on the 15-minute timeframe shows that the price is in an upward trend with the last recorded level at $2.4531.
Key points: • EMA (7) = 2.4344, EMA (25) = 2.4255, EMA (99) = 2.3979 The price is above all three moving averages, confirming a bullish sentiment. • RSI (6) = 76.59, RSI (12) = 65.62, RSI (24) = 58.49 • RSI (6) is above 70, indicating local overbought conditions. A correction may be possible. • RSI (12) and (24) remain in the neutral zone, which does not yet indicate strong overheating. • MACD shows weak bullish momentum. • The MACD histogram is in the green zone, but there is no divergence.
Thoughts: 1. Local overbought conditions – a small correction may occur before continuing the rise. 2. The price holds above key EMAs – a sign of market strength. 3. If it breaks $2.50, an upward momentum is possible – the closest important resistance level. 4. Support around $2.39–2.40 – if it retraces here, an entry point can be considered.
If you aim to lock in profits, you might wait for a retest of $2.49–2.50. If holding for the long term, the trend remains upward.
Guys, don’t panic, the correction should not be like setting the moon without it, as I said, patience and the result will come, don’t give in to panic. #BTC #lina will show his teeth again.☝️
"US Presidential frontrunner Donald Trump will speak at the world's largest Bitcoin conference in two weeks. You're not bullish enough." – Bitcoin Magazine The market will be volatile even if his sweet speeches make no sense😎 #bitcoin #lina #solana
Altcoins on the threshold of the third wave: why shouldn’t you sell? – Mustache on social network X “For many this looks like the end, but altcoins are only in their second corrective wave. Take a look at 2020/2021 for comparison. The third wave is the strongest and is yet to come, in my opinion. This is a simple Elliott wave theory. I wouldn't sell my coins cheaply here. $LINA
#lina those who have not yet jumped into the carriage, hurry up, because the train is already leaving I think #lina will arrive from within 1-2 months 0.016 to 0.029 The most important thing in this game is patience. Without patience there will be no success. Believe until the end and everything will be.