SUI/USDT is showing strong bullish momentum on the daily chart. Price has bounced sharply from the $1.77 support level and is now testing resistance around $3.93. It’s trading above the 20, 50, and 200 EMA, which confirms the bullish trend. The RSI is at 74, indicating overbought conditions — so a short-term pullback is possible. MACD is also bullish with the DIF line above the DEA. If price breaks and holds above $4.21, it could aim for the next resistance near $5.36. However, failure to break this zone might cause a retest toward $3.35 support. Good risk management is key here.
EMA200: $0.5382 (still far above = long-term downtrend still intact)
Indicators
RSI (6): 71.27 → Overbought territory; suggests caution or possible short-term pullback.
MACD: Bullish crossover with strong green histogram bars, indicating rising momentum.
Volume: Rising — buyers are stepping in strongly.
Price Structure
Price bounced off the $0.2702 low and made higher lows.
Breaking above $0.40 and the 50 EMA confirms bullish structure short term.
Next resistance: around $0.4494 (previous swing high).
Support now sits around $0.3620 - $0.3660 (EMA20/50 zone).
Summary
AXL is showing strong short-term bullish momentum. A daily close above $0.40 is significant. However, RSI being over 70 warns of a potential cooldown or sideways movement before continuing upward.
Plan:
Watch for retest and hold above $0.3660 for safe entry.
TP zones: $0.44 and $0.50+.
Avoid chasing if RSI keeps climbing without a pullback.
Hey bro, looking at the chart, I totally get your point. BTC clearly broke through the main resistance around the 96k-97k area, which was a strong ceiling before. Now it’s holding above the EMA 20 and 50, showing some nice bullish momentum. RSI is at 74, a bit high but that just means buyers are in control for now. The MACD also flipped bullish with that crossover and increasing histogram bars — another good sign. Volume’s not exploding but steady enough to support this breakout. If this momentum holds, I agree with you, we could see BTC pushing to make another higher high, maybe testing the 100k zone or even beyond. Just gotta watch for any fakeouts or sudden dumps, but so far, bulls look confident.