SUI/USDT
- The 15-minute chart shows a slight pullback after touching the resistance at 2.2741. Despite this, the trend remains positive, with the price still above the short-term moving averages.
- The RSI indicates the market is still in a relatively strong position, with momentum remaining above 60, but it is cooling down slightly from overbought territory.
- The 1-hour chart shows a higher high forming, and the RSI is in overbought territory, indicating that some consolidation or a minor pullback could happen soon.
- The 4-hour chart suggests strong bullish momentum, but the RSI is very high (above 87), meaning the market could be due for a correction or sideways movement before resuming its upward trend.
Recommendation: Consider tightening stop-losses if already in a position, as a pullback may occur. If you're looking for a new entry, wait for a pullback to the 2.15-2.18 region, where support may form, before considering a buy.
