SUI Price Surges with Intense Buying Pressure

SUI/USDT Price Analysis – September 18

SUI is decidedly bullish as a powerful surge in buying pressure has propelled the asset to the upper end of its long-term trading range. With both momentum and money flow indicators showing exceptional strength, buyers are in firm control. However, signs of the market becoming overheated are emerging, suggesting that while the trend is strong, a consolidation or pullback may be on the horizon as it approaches major resistance.

SUI/USDT Key Levels

Support Levels: $3.2137, $2.7984
Resistance Levels: $4.2469, $4.5000

SUI/USDT Long-Term Trend: Bullish (Daily Chart)

SUI/USDT illustrates a powerful bullish rotation within its multi-month range. Since finding support in late August, the price has been in a strong and sustained uptrend, breaking through the key intermediate level of $3.2137 with conviction. This has set the stage for a test of the major range resistance at $4.2469.

Currently trading at $3.931, the price is being driven by intense buying activity. This is powerfully confirmed by the Money Flow Index (MFI), which has surged to an extremely high reading of 86.34. This indicates overwhelming buying pressure and a massive influx of positive money flow.

Complementing this, the Relative Strength Index (RSI) is strong at 63.21 and pointing upwards, confirming the robust bullish momentum. While these readings are signs of a very strong trend, the extremely overbought MFI is a warning that the market is becoming extended and may be vulnerable to profit-taking.

SUI/USDT Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour chart, with the price at $3.930, shows the anatomy of this powerful rally. The uptrend is steep and consistent, with the price making a series of higher highs and higher lows. This indicates that buyers have been in control of every session.

The strength of the rally is reflected in the indicators. The MFI is at a high level of 69.37, while the RSI is at 69.54, right on the cusp of the classic overbought territory (70). This confluence of strong but extended readings suggests that the rally is mature in the short term.

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