#SUI Chart Analysis (4H - SUI/USDT)
1. Price Action:
Current price: $3.8210
Recent low: $3.6358
Resistance zone: Near $3.91 - $4.10
Support zone: Near $3.63 - $3.64
2. Bollinger Bands (20,2):
Upper Band: $4.10
Middle Band (MB): $3.91
Lower Band: $3.72
Price is near the middle band, showing recovery from oversold zone near the lower band.
3. RSI (6):
Value: 54.19
Neutral but rising, indicating momentum is returning. Not overbought or oversold.
4. MACD:
MACD Line: -0.0245
Signal Line (DEA): -0.0030
Histogram is still negative, but starting to reduce — suggests bearish momentum is weakening.
5. Volume:
Vol spike near low at $3.63 = likely demand zone.
Recent candles show green recovery with decent volume, which is bullish.
Conclusion & Signal:
Based on the analysis:
Signal: BUY (with caution)
Entry Zone: $3.75 – $3.82
Target 1: $3.98
Target 2: $4.10
Stop-Loss: Below $3.63
Probability: ~80% if BTC and general market stays stable
Reason:
Price rebounding from strong support
RSI moving up from neutral
Volume confirms buyer interest
MACD weakness reducing
Pro Tips:
Monitor BTC dominance and market mood; if BTC drops sharply, SUI can break support.
Trail stop-loss if price hits $3.98+ to secure profit.
Avoid entering if candle closes below $3.63 with volume.