$SUI chart on the daily timeframe is showing some real volatility lately. Right now sitting at about 1.2286 after a solid 3 percent drop in the last 24 hours but still managing a quick bounce off the lows around 1.22.


{spot}(SUIUSDT)

What stands out today is that strong green candle pushing price up towards 1.27 with volume picking up nicely. The Bollinger Bands are still quite wide showing the volatility hasnt died down yet and price is currently testing the middle band area. RSI on the 6 period is sitting at 69.8 which is getting into overbought territory so we might see some cooling off soon unless buyers keep the momentum going.

If it breaks and holds above 1.25 convincingly we could see a move back towards 1.5 but for now it feels like a wait and see situation with the market still pretty uncertain. Always manage risk this space moves fast.
SUI-4.45%
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GateUser-4e623315
· 2h ago
Buy the dip 😎
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GateUser-4e623315
· 2h ago
Buy the dip and enter the market 😎
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GateUser-4e623315
· 2h ago
Hop on now! 🚗
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