Sui has taken momentum in the last 24 hours, with its market capitalization now at $ 10.5 billion. However, he still tries to recover from a drop of 26% in the last 30 days. Technical indicators currently have mixed signals. The CMF is at -0.06, reflecting the softening of the sales pressure but always indicating a prudent feeling on the market.
Meanwhile, Ichimoku’s cloud suggests consolidation with the possibility of upward escape. The EMA lines show the first signs of a potential golden cross. If the momentum continues, this could lead to a resistance test at $ 3.73 and perhaps an increase of more than $ 4.25.
Suis cmf is always negative, but showing potential recovery
The CMF of Suis is currently at -0.06, showing a significant recovery of -0.35 two days ago, although it stayed in negative territory in the last four days.
The increase in CMF indicates that the sales pressure is softened, which suggests that the purchase of interest can gradually return. Despite this improvement, the negative value reflects that the outputs always prevail over the entries, indicating a prudent feeling on the market.
This persistent negativity suggests that sellers still maintain a certain control of the Blockchain Su, but the upward movement suggests a potential change in the momentum if the purchase pressure continues to grow.
The Chaikin monetary flow (CMF) is an indicator based on volume which measures the pressure of purchase and sale by analyzing the prices and volume data.
It varies from -1 to +1, with positive values indicating a purchase pressure and negative values indicating the sale pressure. As a rule, a CMF above zero accumulation signals and a bullish feeling, while a CMF below zero indicates the distribution and the bearish feeling.
With its CMF at -0.06, the market is still looking down, but the recovery of -0.35 suggests that the SUP sales pressure is weakening. If CMF can cross zero, this could point out an increased reversal. However, if it remains negative or becomes down, it could indicate a continuation of the downward trend.
The following cloud shows cautious optimism
The Ichimoku cloud for sui shows a mixed perspective with signs of potential consolidation. The head range of the current cloud (Green Line) is above the scope of range B (orange line), indicating a bullish feeling for a near future.
However, the price is currently negotiated in the cloud, suggesting an indecision and a lack of clear trend direction. When prices are in the cloud, this often means consolidation or a period of uncertainty, because neither buyers nor sellers have total control.
The green cloud to come reflects a slight bullish momentum, but its slimming suggests a weak trend that could easily be reversed.
The Violette Tenkan-Sen line is below the Orange Kijun-Sen line, which generally signals a downward momentum. However, the gap between them is narrowed, suggesting a potential bruise crossover if sui price continues to increase.
This crossover could indicate a change of momentum to the bulls. The Span Chikou (Green Line) is positioned above prices, strengthening the current bullish feeling, but its proximity to the candles suggests that the momentum is not strong.
Overall, the configuration of Ichimoku shows a cautious optimism, with the possibility of a bullish escape if the price can exceed the cloud. However, if he does not do it and breaks under the cloud, the down pressure could resume.
Sui could recover the levels of $ 4 soon
Although Suis Price has increased in the last 24 hours, its EMA lines are currently in a lower state, with short -term EMAs positioned below the long -term EMA. This alignment reflects a dominant downward trend, which suggests that sellers still maintain control.
However, short -term EMAs show an ascending trajectory, indicating a potential change in the momentum. If these short-term EMAs cross the EMAs above those in the long term, forming a golden cross, follows could test the resistance at $ 3.73.
If it loss this level, SU could continue to increase up to $ 4.25, marking a significant escape greater than $ 4 for the first time since the end of January. This bullish crossover would probably arouse more purchase interest, confirming an overthrow of the downward trend.
On the other hand, if the upward momentum fades and the short-term EMAs do not cross the EMA above the longest, the downward trend can continue. In this scenario, SUE could hand over the support of support areas around $ 3.08 and $ 2.86.
If these levels are violated, SU could decline more, which is potentially lowered as low as $ 2.39.
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