2025/7/22 #SUI# $SUI Current trend assessment: oscillating upward trend (but momentum has weakened somewhat)

Key Performance Indicator Analysis:
1. Price Trend:
There was a significant increase starting from July 14 (3.48→4.10), but it has recently oscillated in the range of 3.78-4.07.
The latest closing price of 3.9852 is at the upper bound of the recent fluctuation range.
2. EMA Indicator:
The fast line EMA(3.956) is still above the slow line EMA(3.925), maintaining a bullish arrangement.
But the double line spacing narrows (0.031 gap), and the upward momentum weakens.
3. MACD Indicator:
DIF(0.031) is still higher than DEA(0.027), but the histogram continues to shrink (0.0035)
The upward momentum shows continuous decay, and one must be wary of the death cross risk.
4. Trading Volume Characteristics:
After the significant increase in volume on July 14 (104 million), the trading volume has shrunk.
The latest trading volume has plummeted to 4.46 million (extremely low volume), indicating a strong market sentiment of wait-and-see.
5. RSI Indicator:
The current RSI of 56.34 is in the neutral zone (not overbought or oversold).
Since July 14, the overbought area ( 84.6) has retreated, currently maintaining a healthy adjustment.
6. StochRSI Indicator:
The K value (54.99) and the D value (63.52) intersect in the median zone.
No obvious overbought/oversold signals have formed, which is consistent with the oscillation characteristics.
Key Turning Point Observation:
Resistance above: 4.07-4.10 range (recently tested multiple times without breaking through)
Support below: 3.85-3.90 range (July 18 low point area)
Operation Suggestions:
Short-term advice is to wait and see, waiting for the following signals:
1. Upward Breakthrough: If there is a volume breakout above 4.10 and the MACD bars strengthen, a new upward trend can be confirmed.
2. Downward Break: If it falls below 3.85 and the RSI drops below 40, it may turn into a downward trend.
3. Continuation of Fluctuation: Consider high selling and low buying within the range of 3.85-4.10.
The current market is at a critical balance point, and it is recommended to closely monitor the breakout direction of the K-line in the next 4-8 hours, especially in conjunction with trading volume.