2025/6/7 #SUI $SUI is currently in a strong rebound phase during a falling trend.

1. Price Trend:
From the peak of 3.5974 on May 29, it continued to fall to the low of 2.8467 on June 5, a decline of 20.8%.
In the last 3 cycles (from June 6th 12:00 to July 0:00), there was a significant Rebound, rising from 3.0819 to 3.2415, an increase of 5.2%.
2. Key Indicator Analysis:
MACD: The histogram changed from -0.0249 (June 5, 20:00) to a positive value (latest 0.0213), the DIF line (-0.033) crossed above the DEA line (-0.055), forming a golden cross.
RSI: Quickly rebounded from the oversold zone of 22.2 (June 5, 20:00) to 54.0, breaking through the 50 midline.
StochRSI: The K value soared from 0 to 100, and the D value rose in sync, showing a strong overbought signal.
EMA: The price (3.2247) has broken through the 12-period EMA (3.1457), but has not yet broken through the 26-period EMA (3.1792)
3. Trading Volume Characteristics:
Two volume spikes occurred during the fall (June 5th 20:58 58.7M, June 6th 12:00 45.5M)
The rebound phase has moderate trading volume (the recent period is only 8.8M).
4. Trend Judgment:
Short-term: Clear Rebound trend (3 consecutive bullish candles + indicator golden cross)
Mid-term: Still in a falling channel (Price has not broken through the previous high of 3.37, EMA bearish arrangement has not changed)
Key level:
Support level: 3.17 (previous low)
Resistance level: 3.33 (50% Fibonacci retracement level)
Comprehensive conclusion: Currently in a strong rebound phase within a downtrend. Suggestion:
Short-term traders can participate in the Rebound, targeting the 3.30-3.33 range.
Medium to long-term investors need to wait for a confirmed breakout of EMA26 (3.179) and a pullback that does not break.
Beware of the pullback that may be triggered by StochRSI overbought.