On the 15-minute timeframe $SUI
📊 Main data
· Current price: 1.5634 USDT
· Daily change: +0.23% (slight increase)
· 24-hour range: 1.5114 - 1.5995
· Daily volume: 33.06M SUI / 51.63M USDT
📈 Technical analysis
Moving averages (EMA)
· EMA(7): 1.5715 (the price is below this)
· EMA(25): 1.5733 (the price is below this)
· EMA(99): 1.5677 (the price is also below this)
· Signal: Short-term downward trend where the price is below all major moving averages.
Relative Strength Index (RSI)
· RSI(6): 35.7402
· Interpretation: In the oversold zone (<40), which may indicate a potential upward correction soon if selling pressure continues.
MACD indicator
· DIF: -0.0007
· DEA: -0.0001
· MACD: -0.0006 (negative)
· Signal: Sell signal but weak, with convergence between the lines.
Volume
· Current volume: 242,889
· MA(5) for volume: 527,826.6
· MA(10) for volume: 364,982.6
· Note: Current volume is below average, indicating weak interest currently.
🎯 Key levels to watch
· Nearby resistance: 1.5715 - 1.5733 (moving averages zone)
· Strong resistance: 1.5995 (today's high)
· Nearby support: 1.5500 (local low on the chart)
· Strong support: 1.5114 (today's low)
⚖️ Summary and forecasts
1. Current trend: short-term bearish with price trading below all averages.
2. RSI indicator indicates oversold, which may support a technical rebound opportunity.
3. The weak volume currently restricts price movement.
4. Direction: It is preferable to wait until:
· Price breaking above 1.5733 (EMA 25) to confirm trend reversal.
· Or its drop below 1.5114 to confirm the continuation of the decline.
⚠️ Note: Markets are volatile, and this analysis is technical only and not investment advice. DYOR
