Will Sui Price bring together $ 6 after recovering 3 dollars?
Sui Price has returned to more than $ 3 after gaining 9 % over the past 24 hours of trading at $ 3.04 today, July 3. Altcoin also created a cup style and handle usually indicating that the upscale merchants are about to be in control, and it may be a 2x march in its position. Meanwhile, trading volumes rise dramatically, given that in just 24 hours, it increased by 164 % to $ 1.53 billion.
The SUI price recovers $ 3 in the upscale winds
Sui Price acquires gains in the encryption market today, which has seen all higher metal currencies, including Bitcoin, ETHEREUM and other assets, standard gains. However, SUI exposed potential signs of the other performance superiority over Altcoins after it formed a bullish style.
The cup and handle pattern, as shown in the graph below, consists of a round bottom and a handle as traders who sell after testing the bullish trend of momentum. The dumping channel of the handle is necessary to confirm this style because if SUI can close it strongly above it, this may cause an increase in the price.
This week’s candle has moved over this upper direction line, but to ensure that 107 % gather as it appears in the depth of this cup comes to its fruits, it needs a strong suggestion above it. If this happens, Sui Price may record a gathering of its current price and up to the highest level at $ 6.
Technical indicators are in line with this bullish narration towards predicting the Sui price. First, it exceeded the RSI 50, which indicates that the momentum changes to the climb. The ADX line also decreases, and this usually indicates that the declining direction that formed the cup handle is not strong, and the price can be disrupted.


However, the Habbiya expectations may get confirmation if the price decreases to less than the bottom channel, which will make the above the thesis of the above unpleasant. This may happen if the market interacts with the special symbol of SUI with a value of $ 123 million.
Open attention rises
The market’s interest towards SUI has grown dramatically, and this is seen at open interest, which has increased by 16 % in the past 24 hours to $ 1.39 billion, according to data from Coinglass. When this scale rises, when the price also achieves gains, it supports a thunderbolt look that the SUI price may continue to rise.


Moreover, the open interest comes from traders who occupy long positions because the financing rate has also increased, while the long/short/short ratio of 1.01 shows that many traders are positive on how to perform the price.
This increased level of attention may not only come from recent gains in the SUI price, but also from market activity. This is because of Data from Devilia He explains that the total closed value of the network is $ 1.842 billion, which is the highest in three weeks.
In conclusion, the SUI price appears to be close to achieving the gains due to the appearance of a cup and the pattern of dealing with the graph for a week. This is a sign that the price of this altcoin is about to experience an explosive gathering, and based on the depth of the cup, it may move to $ 6.
Related questions (common questions)
Sui Price is gained due to recovery through the broader encryption market, with most encryption prices increased over the past 24 hours.
Sui PRICE can record a 2x march to $ 6 if there is an increase in the purchase side pressure and altcoin explodes from a cup and handle pattern.
Some factors that are likely to pay for SUI price gains include an increase in purchase activity, open interest and network activity.
Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.
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