The price is balancing at $1.486, but the data is shocking.
RSI on the daily = 23.6 extreme oversold❗In six months the decline: -65%
The price has broken through all key EMAs
What do we see
On the 4-hour chart, the RSI is also low (39.7), and the volumes are low. This indicates either market apathy or accumulation before a reversal.
The main question to you:
This is the final stage of the sell-off and a powerful rebound will soon begin❓ Or has SUI entered a prolonged phase of stagnation and the decline will continue❓
Your verdict❓ 👇
🔵 I am catching knives - RSI 23 is a signal, I am buying
🔴 I am waiting for a drop to $1.4 - the trend is stronger than the indicators
🟡 I am observing - waiting for a breakthrough at $1.53 or $1.46
🟢 I am averaging my position - I believe in the project, buying more on the decline
Write in the comments, do you see potential for growth or has SUI earned its decline.
