Current Price: As of 13:13 UTC on September 30, 2024, SUI is trading at approximately $1.73, showing a slight price increase of around 2.5% over the last 24 hours
50-Day Moving Average (MA): The price remains slightly above its 50-day MA, indicating short-term bullish momentum. This suggests that buyers have regained control after a recent downturn.
200-Day Moving Average (MA): SUI is approaching its 200-day MA, which acts as a key long-term resistance. A breakout above this level could signal a sustained upward trend.
Relative Strength Index (RSI): The RSI is currently hovering just below overbought territory. This indicates that there may still be room for growth before the asset becomes overextended.
MACD: The MACD is trending positively, with the MACD line sitting above the signal line. This reinforces the bullish outlook and suggests continued upward momentum.
Support and Resistance: SUI faces resistance at the $1.75-$1.80 range. If the price breaks through this level, it could test $2.00 as the next target. Support is seen near $1.65.
Overall, the technical indicators suggest that SUI is experiencing bullish momentum, but traders should watch for key resistance levels in the coming days.
