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Crypto News

Sui Price holds a major support because this metric scale is on the chain

Sui shows signs of strength because it maintains the main support levels during the high activity on the chain. Market analysts refer to the formation of the bullish preparation, as the coin is held above the moving average for 200 days (MA200).

An increase in active portfolios, as evidenced by modern data, supports confidence in the likely recovery of SUI. Traders continue to focus on the possibility of significant resistance in the past despite short -term disorders. Sui may prepare for another crowd if the momentum continues.

Kamil, a encryption analyst, noticed a sharp rise in active governor on the Sui network, which now exceeds 1.2 million. This increase indicates an increase in the user’s participation, and is often seen as a prelude to price movements. With the growth of the network, many traders expect a continuous upward trend.

The most prominent Cryptobullet, another merchant, highlighted the Sui’s ability to maintain its high low structure during the MA200 contract. He pointed out that the declines may be short -term, as the currency strengthens between $ 2.5 and $ 3.5. If this range continues, the collapse may continue, which pushed prices up.

The technical analysis of sui asserts the rise

Cryptobullet participated in analyzing the daily Sui scheme, revealing a higher low formation. This pattern indicates the increasing purchase attention at higher price levels gradually.

At the time of his position, SUI was trading at $ 2,9151. The price since then It rose to $ 3.01It reflects 11.45 % increase in the last day. However, 3.85 % remains less over the past week.

The main support remains near the February 3 decrease, and is closely in line with the M200. Holding this level strengthens the upcoming expectations. On the side of the resistance, SUI faces a barrier of about $ 3.50. The decisive step above this threshold can open the path to $ 4.00 – $ 4.70.

Sui’s technical indicators are in line with the monotheism scenario. The MA200 continues to slope up, and enhance the long -term momentum. Bollinger ranges show that the bottom range was a support during the recent declines, hinting to a possible recovery.

Meanwhile, the equivalent SAR still indicates a short -term declining trend, although the face of the classification can occur if the prices rise.

With a decrease in formation near 2.63 – 2.65 dollars, the market structure remains intact. Before a possible collapse, accumulation is suggested through the current unification of about $ 2.5 to $ 3.5. Gallery momentum It will be confirmed Through a step exceeding $ 3.50, while further decrease may result in a collapse of less than $ 2.50.

Also read: Can XDC the price of $ 3 in 2025?

Market morale and sui prices

As a result of increasing purchase activity, the daily trading volume of SUI increased to $ 1.74 billion. Sui may face more growth if Bitcoin remains and the market as a whole is fixed.

There can be a rare of about $ 4.00 and higher due to the outbreak of $ 3.50. However, a re -test of support may occur at $ 2.20 if it is not held $ 2.50.

The bullish preparation is suggested by SUI’s ability to adhere to the important technical levels and the growing network activity. Traders monitor an upward step, at $ 3.50 as the next major test. If the momentum continues, only another gathering can see.

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