Looking at the three SUI/USDT charts for 15 minutes, 1 hour, and 4 hours, here is an updated analysis based on the visible indicators:
1. 15-Minute Chart:
- Price Movement: The price has dropped from around 1.852746 and is now at 1.7881, showing continued selling pressure.
- RSI: The RSI is at 25.8, indicating an oversold condition.
- MACD: The MACD is in a bearish region, with a further drop in momentum as the DIF line is far below the signal line.
- Overall: The short-term chart suggests the price may be oversold. A potential short-term bounce might occur, but the bearish momentum suggests caution before making any buy decisions.
2. 1-Hour Chart:
- Price Movement**: The price has fallen from a recent high of 1.859300 and is consolidating around 1.7879 after touching a low of 1.779448.
- RSI: The RSI is around 30.2, which also signals oversold conditions. This could indicate a potential rebound, but it is still in a weak position.
- MACD: The MACD is deep in negative territory, and the downward momentum persists, with the DIF line well below the signal line.
- Overall: The 1-hour chart confirms the continuation of the downtrend. A temporary relief rally could occur, but unless a reversal is confirmed, the downtrend still dominates.
3. 4-Hour Chart:
- Price Movement**: The price peaked at 1.903000 and has since dropped significantly to 1.788, with a recent low at 1.779448.
- RSI: The RSI on this chart is 23.4, heavily indicating oversold conditions.
- MACD: The MACD is strongly negative, confirming the bearish trend is still intact with no immediate signs of recovery yet.
- Overall: The 4-hour chart suggests the price is in a significant downtrend, but the RSI is so low that a reversal could be forming soon. However, any buying decision should wait for further confirmation.
