đ Technical Analysis â SUI/USDT (Daily Chart)
đč Current Price: $2.8255
đč 24h High: $2.9278
đč Recent Bottom: $2.2937
đč Trend Indicators:
â EMA 7 (yellow): 2.7899
â EMA 25 (pink): 2.9258
â EMA 99 (purple): 3.1016
đ RSI(6): 52.67 â neutral zone
đ Current Trend:
SUI is showing early signs of recovery, but it's still in a consolidation phase after a downtrend. Hereâs what weâre seeing:
EMA 7 is crossing above EMA 25 â signal of short-term momentum
RSI pushing above 50 â buyers gaining strength
Volume is increasing on green candles â showing legit buyer interest
â ïž However, price has hit resistance near EMA 25 (~$2.92) and is now slightly pulling back. The primary trend is still bearish, but early bullish signals are forming.
đą About the $2.2937 bottom:
This area acted as a strong demand zone. The wick shows buyers heavily defending $2.30. Great spot for accumulation.
đ If price revisits this zone, it could offer a solid long-term spot entry with limited downside.
đ§ Spot Strategy (Holder's View):
â Best entry zone: $2.30â$2.60
â Key resistance: $2.92
đ If broken with volume, upside targets are:
$3.10 (EMA99)
$3.45 (previous swing high)
$4.20 (macro resistance)
đĄ Holder Summary:
đ Short-term trend: Reversal attempt in progress
đ Macro trend: Still bearish â needs confirmation
đ Ideal accumulation: Below $2.60
đ Safe holding range: Above $2.25
đŻ Potential breakout levels: $3.10 / $3.45 / $4.20