During the trading session on Monday, the SUI price expected a slight increase of 1.3 % of jumping to reach a trading price of $ 1.36. The bullish transformation is likely to follow the broader market morale as the American Federal Reserve confirmed the maintenance of the federal funds by 4.25 % to 4.5 %. Although the encryption market has not yet prolonged the lower configuration of the current correction, assets like Sui stand as main support levels for interest encryption investors.
The most prominent major events:
- The SUI price, which exceeds 38.2 % and the REERARATED level, indicates a 50 % health withdrawal for the market buyers.
- The rising trend line is a daily scheme that pays the current upward trend.
- 20 % in TVL indicates that investors and liquidity providers may come out of the SUI ecosystem.
DEFI activity is decreased on the SUI network with a decrease in TVL
according to Devilia Data, the total size of the total size of the sui Networks networks has decreased from $ 2.06 to $ 1.65 – a decrease by 20 % in the past three weeks. TVL’s decline often indicates that investors and liquidity providers withdraw money, which may indicate the confidence of a decline in the SUI ecosystem.
Lower TVL suggests a decrease in the DEFI post, which can significantly affect the original Sui Cryptocurrency.
SUI prices test critical Fibonacci levels
Amid uncertainty in the broader market, the SUI price was the highest local level at $ 5.36 in early January. The original declining shift has decreased more than 30 % for trading at $ 3.7.
The low price, accompanied by an increase in the trading volume, is hinting at the top condemnation of the sellers to prolong this correction. Currently, the SUI price seeks to support at the REERERION 38.2 % Vibonacci level, while the following main support is $ 2.9, coinciding with 50 % of FIB ..
In theory, Fibonacci levels show healthy re -asset levels to restore the stricken bullish momentum.
Daily graph analysis also displays the current ups in the SUI price with a rising trend line that works as dynamic support. The above levels will be the SUI curricula to maintain its upward direction.
Consequently, the possible collapse below will accelerate the pressure pressure and pay an expanded correction less than $ 3.
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