On the 4H chart, it is visible that SUI has corrected after a recent rise. There are several points: 1. Resistance at $2.83 â the token rebounded from this level, indicating profit taking. 2. Support in the range of $2.62â$2.63 â if the price holds here, a new rise is possible. If it breaks down, it may go lower. 3. EMA(25) and EMA(99) â 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) â there is no overheating yet, but there is a signal for a decrease. 5. MACD â still in the positive zone, but is slowing down.
Conclusion: âą If long-term â it can be held, but it's better to wait for a clearer confirmation of the bottom. âą If you want to buy more â it's better to watch the price reaction around $2.62 or lower ($2.50â$2.55). âą If for speculation â 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: âą EMA (7) = 2.4344, EMA (25) = 2.4255, EMA (99) = 2.3979 The price is above all three moving averages, confirming a bullish sentiment. âą RSI (6) = 76.59, RSI (12) = 65.62, RSI (24) = 58.49 âą RSI (6) is above 70, indicating local overbought conditions. A correction may be possible. âą RSI (12) and (24) remain in the neutral zone, which does not yet indicate strong overheating. âą MACD shows weak bullish momentum. âą The MACD histogram is in the green zone, but there is no divergence.
Thoughts: 1. Local overbought conditions â a small correction may occur before continuing the rise. 2. The price holds above key EMAs â a sign of market strength. 3. If it breaks $2.50, an upward momentum is possible â the closest important resistance level. 4. Support around $2.39â2.40 â if it retraces here, an entry point can be considered.
If you aim to lock in profits, you might wait for a retest of $2.49â2.50. If holding for the long term, the trend remains upward.
Guys, donât panic, the correction should not be like setting the moon without it, as I said, patience and the result will come, donât give in to panic. #BTC #lina will show his teeth again.âïž
"US Presidential frontrunner Donald Trump will speak at the world's largest Bitcoin conference in two weeks. You're not bullish enough." â Bitcoin Magazine The market will be volatile even if his sweet speeches make no senseđ #bitcoin #lina #solana
Altcoins on the threshold of the third wave: why shouldnât you sell? â Mustache on social network X âFor 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.
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