SUI/USDT Uptrend
2024-10-03

SUI/USDT is currently in an uptrend, supported by the ascending trendline and EMAs.

SUI is currently in a consolidation phase above the EMAs (Exponential Moving Averages), which have been acting as strong support. The MACD is showing signs of consolidation. The MACD lines are getting closer, suggesting a possible bullish crossover. The histogram, with bars close to zero, reinforces that the market is in a moment of indecision. It is important to wait for a clear MACD crossover to confirm a new direction.

Support: 1.8125 / 1.7204

Resistance: 1.9341 / 2.0125