📉 Technical Analysis — SUI/USDT (1h)
Current Price: $1,5707
Variation: -5,20%
⸻
📊 Technical Indicators
• Moving Averages:
• MA(7): 1,5491 ✅
• MA(25): 1,5674 ✅
• MA(99): 1,6093 ❌
🔁 Price above MA(7) and MA(25), but still below MA(99) — reversal signal in formation, not confirmed.
⸻
📈 RSI (Relative Strength Index)
• RSI(6): 70,29
• RSI(12): 53,17
• RSI(24): 47,31
⚠️ RSI(6) in overbought zone, may indicate short-term exhaustion.
⸻
🔎 Volume
• Volume spikes in previous drops and moderate increase in the last candles — recovery with caution.
⸻
🧭 Technical Summary
• Current trend: Reaction upward after a strong drop
• Support: $1,5200 (minimum of the day)
• Immediate resistance: $1,5674 (MA25) and $1,6093 (MA99)
⸻
✅ Conclusion
SUI/USDT shows an attempt to recover after hitting bottom at $1,5200. With RSI(6) in overbought territory and the price still below MA(99), the rise still lacks confirmation.
📌 Keep an eye on the breakout of the $1,60 zone with volume to validate a more solid reversal.
