Sui Crypto returned to the spotlight because it restores the bullish momentum after a recovery from the main support area.
After spending several weeks in monotheism, $ SUI recently rose from the technical level, which was a strong base during the decline in the previous market.
This upward step captured the attention of merchants, causing optimism about the possibility of a new crowd. The data on the series reflects the increase in trading volume and improving feelings, indicating that the market participants are preparing confidence in the Sui’s prospects for the short term.
source – 99bitcoins YouTube channel
SUI price prediction
SUI (SUI) is pressure this week, decreasing by 12 % and fighting for a major support level near $ 3.20.
Although a declining feeling throughout the market may lead this decrease, $ SUI is now at a pivotal point. Technical indicators indicate the formation of a potential head and shoulder – a pattern often indicates by more than one side.
Despite this preparation, there is no need to panic yet. $ SUI is still trading over its support area, leaving an apartment space if market conditions improved. The current price sits at $ 3.15, and it is still less than 40 % less than its highest level ever.
In the shortest time frames, $ 1 % lost during the last day, 5 % during the month, and 12 % during the week. These numbers are not encouraging, but they do not spell disasters either.
With the maximum market, about 11 billion dollars and 3.39 billion trading icons out of 10 billion as a maximum, SUI holds its land as a major player in the first layer.
The last time the distinctive symbol was traded at $ 3.26 before sliding to the current levels. The $ 3.14 contract remains very important, as previous separations less than this region led to sharp declines ranging from 15 % to 27 %.
Sui continues to pay its main mission: bring the Web3 advantages with Web2 Simplicity. The project highlights its high production, strong safety and low fees. As a 1 Blockchain layer, it gained traction with more than a million followers – many decreed during the last bull market.
This course may not come to the highest level ever, but $ Sui can still recover if the market turns into a rise. This will require renewed momentum across the best currencies like Bitcoin and Ethereum. A wide -minded encryption rally can raise $ SUI to recover.
Meanwhile, $ Sui’s ability to keep support or bounce will be short -term, while keeping it on the radar of many merchants.
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source – Twitter
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