๐ Analysis of Coin $SUI on the Daily Frame
Hey guys, $SUI bounced off its low at $0.6618 and reached $0.7179, but now it's pulling back in a healthy retracement after a strong rally, down -10.37% in the last 24 hours ๐
Indicators:
The price broke MA(7) from below to above, the MACD turned positive at +0.0072 after a long negative period, and the RSI(6) is at 28, which means it's still oversold and needs a technical bounce ๐ง
Suggested Entry: $0.7160 โ $0.7179
๐ฏ Target 1: $0.8580
๐ฏ Target 2: $0.9688
๐ฏ Target 3: $1.1650
๐ด Stop Loss: below $0.6618
About the Coin ๐
Sui is a next-gen blockchain network focusing on ultra-speed and processing thousands of transactions per second, using a special programming language called Move for enhanced security. It has strong partnerships in the AI sector and decentralized applications, and the latest news is that it partnered with Chaintrust to add AI tools to its ecosystem.
โ ๏ธ RSI is very low and there's a chance of a bounce, but the larger trend is still bearish โ trade responsibly and we need to stick to the stop loss. ๐ก๏ธ
#SUI
Hey guys, $SUI bounced off its low at $0.6618 and reached $0.7179, but now it's pulling back in a healthy retracement after a strong rally, down -10.37% in the last 24 hours ๐
Indicators:
The price broke MA(7) from below to above, the MACD turned positive at +0.0072 after a long negative period, and the RSI(6) is at 28, which means it's still oversold and needs a technical bounce ๐ง
Suggested Entry: $0.7160 โ $0.7179
๐ฏ Target 1: $0.8580
๐ฏ Target 2: $0.9688
๐ฏ Target 3: $1.1650
๐ด Stop Loss: below $0.6618
About the Coin ๐
Sui is a next-gen blockchain network focusing on ultra-speed and processing thousands of transactions per second, using a special programming language called Move for enhanced security. It has strong partnerships in the AI sector and decentralized applications, and the latest news is that it partnered with Chaintrust to add AI tools to its ecosystem.
โ ๏ธ RSI is very low and there's a chance of a bounce, but the larger trend is still bearish โ trade responsibly and we need to stick to the stop loss. ๐ก๏ธ
#SUI