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SUI trading volume reaches 615 million dollars, and outperforms the collapse

The SUI price increased by almost 4 % in the past 24 hours, but it has decreased by 30 % during the past month. Despite the slight recovery, its technical indicators still indicate a general preparation in general, as both Ichimoku Cloud and EMA lines indicate strong resistance.

However, SUI continues to show impressive trading activity, ranked sixth in the largest daily size group, before Avalanche and Polygon. Whether SUI can maintain this momentum and restore $ 4 in the coming days it will depend on its ability to break the main resistance levels and confirm the reflection of trend.

SUI is now the 6 largest daily size series

The size of Sui Blockchain Daily was $ 615 million in the past 24 hours, making it the sixth largest blockchain How much. This puts it before firm networks such as snow breakdown, liquid and mushrooms and Tron, indicating strong market activity.

While SUI is a relatively new player, his ability to generate such a large size indicates an increase in interest from merchants and investors.

Sui trading size
Top 10 Blockchain networks in terms of 24 -hour trading volume. source: Devilia

Daily tracking is very important for Blockchains because it reflects the participation of the user, liquidity and general demand. Although $ 615 million is attracted in daily size, SUI still has much lower protocols than old networks like Avalanche and Polygon.

This indicates that although its ecological system has not yet been developed, strong trading activity can push more projects to build on SUI, which is likely to rush to adopt and grow.

Ichimoku Cloud Pictures

The Ichimoku Cloud scheme explains that the SUI price is currently being circulated under the cloud, indicating that the broader trend remains declining. The cloud itself is thick and down to the bottom, which indicates that strong resistance is general expenses and the continuation of the declining direction if the momentum does not turn.

The (blue) conversion line has recently turned up and tries to cross the (red) foundation line, which can be an early signal of the potentially short -term bullish. However, the delay (green) period is still less than the price and the cloud, which enhances that the long -term trend has not yet turned.

Sway Echimoku cloud.
Sway Echimoku cloud. source: Tradingvief.

The future cloud is also a declining structure, as the pioneering range (green) has been available below Span B (red), which indicates that the declining momentum still dominates.

Despite the last price jump, the cloud remains a strong resistance area, unless the price is able to break it and confirm the reflection of trend, the total feelings remain careful. The fact that the SUI price hovers near the lower edge of the cloud indicates a period of monotheism before the clearest direction appears.

SUI price prediction: Can sui recover $ 4 in the following days?

Sui EMA lines are still declining, as the short -term averages are still lower than long -term in the long run despite the recent price increases. This indicates that despite the improvement of momentum, the general trend has not yet been reflected in a clear upward trend.

If the current upward momentum continues, the SUI price may lead to a test of $ 3.94, and the collapse above this level may lead to a move of about $ 4.25. The turning of the stronger trend can pay the price up, and it may reach $ 4.76 or $ 5.14 in the coming weeks.

Price analysis for Sui.
Price analysis for Sui. source: Tradingvief.

However, as Ichimoku Cloud and EMA indicate, the SUI’s broader markets are still downward. If the price fails to maintain its current momentum support and support the tests at $ 3.35, the loss of this level may lead to an additional decrease to less than 3 dollars.

In this scenario, the SUI price may decrease to $ 2.97, and if the sale pressure remains strong, it may drop to $ 2.38. Until a decisive shift in the direction occurs, the market remains in a cautious stage, with the possibilities of upward play and the negative aspect.

Disintegration

In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.

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