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Crypto Trends

Sui PRICE EYES $ 3, 30 days of Dex, tops $ 70 billion

Bitcoin also backed above 86,000 dollars, altcoins acquires momentum. Of the Rishing Altcoins, SUI has recorded a 2 % increase in the past 24 hours.

Thus, it represents his second positive day in a row, hinting into a possible reflection after the re -test. Will this pay the SUI prices over the $ 3 psychological brand? Let’s discover.

Sui price analysis

In the daily graph, the Sui price direction shows a bullish interruption of the falling canal style. The penetration failed early in exceeding the EMA for 50 days, as it was closed at the mark of $ 2.80.

Sui price analysisSui price analysis
Sui price analysis

This has a rapid shift to the broken resistance direction line. However, with the rest of the last two days, which represents an increase in prices by approximately 10 %, SUI begins to reflect after the re -test.

Retailing the EMA line has exceeded 20 days. Amid the sudden upward return, the MACD lines and the signal lines extend the positive direction with the return of the upscale graphs.

Consequently, the technical index reflects an increase in the upscale momentum. However, due to the prevailing fall, EMA lines of 100 and 200 days are about to give a negative intersection.

SUI network is witnessing a 9 % increase in the total Dex size, $ 70 billion in

Since the SUI price is gaining momentum, the network is witnessing a great recovery. Last month, the SUI network witnessed the total size of DeX shooting 70 billion dollars. This represents an increase of 19.13 %.

Moreover, according to SuezakanThe total transactions blocks are 3.31 billion, and the total transactions rise to 9.29 billion. The total closed value of the network is $ 1.26 billion. The new accounts have increased over the past seven days to 15.59 million.

Sui price goals

Since the SUI price is suspended when positively wears, Fibonacci levels draw the instant price at $ 2.83. This is highlighted by the level of 23.60 % near the EMA line for 200 days.

Immediate resistance provides up to 15 % up to 15 %. With optimism, the upscale collapse will pay the SUI prices to the level of 50 % at $ 3.68. On the other hand, the two -dollar psychological mark remains directly decisive support.

Sahil MahadikSahil Mahadik

Written by Sahil Mahedik

As a full -time trading with more than three years of practical experience in financial markets, exceptional efficiency in technical analysis, which is the cornerstone of the daily monitors of price fluctuations in the leading assets and indicators. My journey started to circulate with a deep charm of financial tools, and this curiosity is naturally expanded in the world of sophisticated cryptocurrencies. I am currently contributing to Cryptonewsz, and I have also written for Coingaape, Coin Republic and Therkarketperodical. I am driven by the market and I want to explore new opportunities. I analyze the emerging trends and strategies to obtain the maximum returns in the traditional coding markets.

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