$SUI Technical Analysis (4H Frame)
Main trend (Short-term downtrend): The candlestick structure is still forming lower highs than the previous peaks, with subsequent lows lower than the previous lows. Price is entirely below all 3 moving averages:
MA(7): $0.6935 (pressing right above the current price)
MA(25): $0.7123
MA(99): $0.7532
Strong support zone: The most recently formed bottom is near $0.6730. If this level breaks, price may move toward deeper zones ($0.63 - $0.65).
MACD indicator: It is below the 0 level, and the Histogram bars are turning red again, indicating that selling power is still dominant.
Trading volume (Volume): Selling volume is gradually decreasing compared with the plunge from $0.84, suggesting the intensity of the sell-off has eased, but there is not yet enough proactive buying volume to reverse the trend immediately.
Main trend (Short-term downtrend): The candlestick structure is still forming lower highs than the previous peaks, with subsequent lows lower than the previous lows. Price is entirely below all 3 moving averages:
MA(7): $0.6935 (pressing right above the current price)
MA(25): $0.7123
MA(99): $0.7532
Strong support zone: The most recently formed bottom is near $0.6730. If this level breaks, price may move toward deeper zones ($0.63 - $0.65).
MACD indicator: It is below the 0 level, and the Histogram bars are turning red again, indicating that selling power is still dominant.
Trading volume (Volume): Selling volume is gradually decreasing compared with the plunge from $0.84, suggesting the intensity of the sell-off has eased, but there is not yet enough proactive buying volume to reverse the trend immediately.