Sui Blockchain has gained strength in recent weeks, and the market ceiling is now approaching $ 7 billion. With the support of the MEME activity and the height of Defi, the network has seen a noticeable leap in the size of DeX and the technical momentum.
While indicators such as RSI and EMA lines show early signs of a potential trend, the total power remains mixed. SUI sits at a major crossroads-a short-term excitement, but still needs stronger confirmation of the challenge of the upper-class chains.
SUI rises to the fifth place in the size of DeX, but still follows the top chains
The SUI’s interest in DeX’s activity, to a large extent, attracted the growing interest in coins and speculative trade on its ecosystem. Over the past seven days, the SUI’s Dex size reached $ 2.1 billion, which represents an increase of 4.49 % and continued in its steady upward direction.
This momentum has helped out the superiority of other ecosystems, most notably the expression over the past 24 hours to become the fifth largest series of Dex.
However, despite the short -term gains, SUI still tracks well behind the upper networks like Base, BNB Chain, Ethereum and Solana in the total DeX activity.
These applicable ecosystems continue to control in terms of liquidity, user base and total treatment.
Although SUI’s rise is noticeable, especially given its relatively new location in the DEFI, it will need to maintain this growth and diversify the Meme Coin noise to really challenge the prominent players.
Currently, it is still an exciting vulnerable with momentum – but not yet a major competitor.
Momentum Sui is rebuilt, but the trend is still weak
Sui’s RSI is now 51.86, up from 35.22 just three days ago. This indicates that purchasing pressure has returned after a short -term decrease, which helps stabilize price movement.
The RSI (RSI) index measures momentum on a scale from 0 to 100. Readings that exceed 70 are excessive connections, while those less than 30 indicate excessive conditions.
Sitting near the center point, Sui’s RSI refers to a neutral momentum. It did not exceed 70 in almost a month, which indicates that the upholstery has remained limited.
Meanwhile, the Sui’s DMI (direction movement index) indicates that ADX decreases to 9 from 14.79 just two days ago. ADX measures the strength of the direction, and anything less than 20 indicates a weak or not present direction.
It is +Di at 15.83 while -Di is at 13.15, which means that buyers have a slight feature -but low ADX indicates that the edge is not strong. There is no clear direction that dominates the market now.
Together, RSI and DMI indicate that sui is in a standardization stage. Buyers offer some activity, but not enough to build a strong and sustainable direction – at least at the present time.
EMA preparation is still down, but sui bulls shows signs of life
Sui’s EMA lines still show a decreased preparation, as short -term averages are sitting below the long -term lines. However, the gap has narrowed between them, and the potential golden cross may be formed.
The golden cross occurs when EMA crosses in the short term over one long -term, and is often seen as a bullish sign. If this is turned on, SUI may gain momentum and pay towards the resistance level of $ 2.28.
It can open the path above $ 2.41 and $ 2.54. If the bullish momentum is more build, Sui Blockchain can test 2.83 dollars – at the highest level since early March.
But if the market fails to keep current levels and sell pressure returns, a correction may begin. In this case, it may be due to a $ 2.02 support test.
Loss of this support can bring the deepest passive side, and may only pay about $ 1.71. At the present time, the price procedure is at a critical point, with both the scenarios of collapse and collapse on the table.
Disintegration
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