Looking at the three SUI/USDT charts for 15 minutes, 1 hour, and 4 hours, here is a brief analysis based on common indicators visible:
1. 15-Minute Chart:
- The price is fluctuating and recently faced some resistance at 1.903000 and is now showing a minor decline.
- RSI is around 48, indicating a neutral marketâneither overbought nor oversold.
- MACD is slightly positive but not showing strong upward momentum.
- Overall: This chart shows a consolidation period, so no strong buy/sell signal from this short-term view. Watching for a break above the resistance or a decline would provide a clearer signal.
2. 1-Hour Chart:
- The price dropped significantly from a high of 2.020841 and is now consolidating near 1.8778.
- MACD is showing a negative cross (bearish), and the RSI is around 47, which indicates weakness.
- Overall: This time frame is signaling a downtrend, and unless the price rebounds, it may not be the best time to buy.
3. 4-Hour Chart:
- The price peaked at 2.166100 and has since pulled back.
- The MACD is still showing a bearish trend, with the DEA below MACD, and the RSI is around 38, closer to the oversold territory.
- Overall: This longer time frame suggests that the price could be in a correction phase, and further declines may follow before stabilization.
Conclusion:
- Short-term (15 min)**: Neutral â Wait for clearer movement above resistance or breakdown before acting.
- Mid-term (1 hour)**: Bearish â Trend is weak; not favorable for buying.
- Long-term (4 hour)**: Bearish with possible oversold signals â Could be a buy soon, but better to wait for confirmation of a reversal.
If you're looking for a safer entry, it may be wise to wait for the 4-hour chart to show signs of recovery or the RSI to dip further into oversold territory, signaling a potential bounce.
