The $SUI Perpetual chart on the 15-minute timeframe shows the token currently trading around $1.5497, slightly up +2.24% in the short term.
Key Observations:
Price Action: The price has been trending downwards, finding a recent local low before a slight bounce, but remains below the MA60 (1.5647), which is acting as immediate resistance.
Moving Averages (MAs): The MA(5) is currently below the MA(10), confirming short-term bearish momentum. The price is also below the key MA60, signaling a weak short-term structure.
MACD Status:
DIF: -0.0038
DEA (Signal Line): -0.0035
MACD Histogram: -0.0003
The DIF line is slightly below the DEA line (but almost crossing), with a very small negative histogram. This indicates weak, but still present, bearish momentum that is showing signs of potentially flattening out or preparing for a minor bullish cross.
Volume: Volume has seen recent spikes, particularly on the red (sell) side, but also some significant volume on the green (buy) side near the recent lows, suggesting volatility and active trading interest around the $1.55 support area.
Short-Term Outlook:
The immediate trend is bearish as the price remains under the MA60 and the MACD is negative. A push and hold above $1.565 (MA60) would be required to shift the short-term sentiment. Traders should watch for a bullish MACD cross for an early reversal signal.
