SUI UTC price action shows consolidation within a narrowing range, with price hovering around the pivot level of $2.40. Despite the -4.09% daily decline, the neutral RSI and converging MACD suggest a potential shift in momentum brewing.

Technical Overview:

SUI is displaying mixed signals with the RSI at 52.12 indicating neutral momentum. The MACD convergence (-0.06249832) with its signal line suggests decreasing bearish pressure, while the moderate BB Width of 22.83% points to potential volatility expansion.

✔ Key Observations:

• Price is testing the pivot level ($2.40) as immediate support

• Volume remains healthy at $993.73M with a positive ratio of 1.11x

• DMI shows balanced buyer/seller control (32.7/31.0)

Low ADX (2.8) indicates absence of strong trend

Trade Setup:

The immediate focus is on the $2.40 pivot level. A decisive break above $2.50 could trigger a move toward $2.67 (R2), while loss of $2.40 support might see price test $2.28 (S1).

• Action Plan:

Conservative traders should wait for a clear break of either $2.50 or $2.28 before entering positions. Set stops below $2.25 for longs or above $2.55 for shorts. The low volatility (2/10) suggests tight range trading opportunities with defined risk.

▲ Risk Note:

Low liquidity (4/10) warrants caution with position sizing. Consider reducing standard position sizes by 25-30% to account for potential slippage.

This analysis is for educational purposes only. Always conduct your own research and manage risk appropriately.

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