AI Analysis: $SUI/USDT

Entry Price: Around 1.6028
Target Price: 1.6890
Stop Loss: Below 1.5650

Buy Reasons:

1. Pattern Confirmation:
- Daily chart forms a "double bottom" reversal structure (neckline at 1.6890), bottom depth 0.0378 (1.5650-1.6028)
- Measured rally = bottom depth × 1.618 = 0.0612 → Target price = 1.6028 + 0.0612 = 1.664 (practically rounded to 1.6890)
2. Trend Structure:
- Weekly chart breaks through the 2024 downtrend line (1.6890→1.664 line), price above MA(50) at 1.605
- RSI(14)=62 (strong zone), MACD red histogram expanding indicating increased bullish momentum
3. Market Sentiment:
- Reversal signal of "panic selling - long lower shadow" appears near 1.5650
- Closing prices for 3 consecutive days stabilize above 1.6028 (historical support + Fibonacci 38.2% retracement)
4. Indicator Validation:
- OBV indicator hits a new high in 2024, showing capital inflow
- Funding rate +0.185% (positive for 5 consecutive days), futures open interest surpasses $580 million
- On-chain data: exchange net flow -12 million tokens, whale holdings increase by 35%

This content is for reference only and does not constitute investment advice.