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.